Heritage Investors Management Corp Acquires 91 Shares of EOG Resources, Inc. (NYSE:EOG)

Heritage Investors Management Corp grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,981 shares of the energy exploration company’s stock after purchasing an additional 91 shares during the period. Heritage Investors Management Corp’s holdings in EOG Resources were worth $5,440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. McIlrath & Eck LLC lifted its holdings in EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 104 shares in the last quarter. Peoples Bank KS purchased a new stake in shares of EOG Resources in the third quarter valued at approximately $31,000. Exchange Traded Concepts LLC grew its stake in EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares in the last quarter. Hall Laurie J Trustee purchased a new position in EOG Resources during the 4th quarter worth $36,000. Finally, Keener Financial Planning LLC purchased a new stake in shares of EOG Resources in the 4th quarter worth $36,000. 89.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Stifel Nicolaus cut their price target on EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. KeyCorp boosted their price target on shares of EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Finally, StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Fourteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $142.27.

EOG Resources Trading Up 0.6 %

Shares of EOG stock traded up $0.78 on Thursday, hitting $130.61. 3,663,095 shares of the stock traded hands, compared to its average volume of 3,388,864. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67. The stock has a market capitalization of $75.06 billion, a PE ratio of 10.31 and a beta of 1.38. The firm’s 50-day moving average price is $128.48 and its two-hundred day moving average price is $122.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the prior year, the business posted $2.69 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. As a group, analysts anticipate that EOG Resources, Inc. will post 12.14 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.79%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s payout ratio is currently 28.75%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.