EOG Resources, Inc. $EOG Shares Bought by Sei Investments Co.

Sei Investments Co. raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 23.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 614,370 shares of the energy exploration company’s stock after purchasing an additional 116,989 shares during the quarter. Sei Investments Co.’s holdings in EOG Resources were worth $88,819,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Sivia Capital Partners LLC acquired a new stake in EOG Resources in the 2nd quarter valued at about $258,000. Quantbot Technologies LP purchased a new position in EOG Resources in the 2nd quarter worth approximately $349,000. Gamco Investors INC. ET AL boosted its holdings in shares of EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after purchasing an additional 4,485 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of EOG Resources by 2.0% during the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after purchasing an additional 444 shares during the last quarter. Finally, Osterweis Capital Management Inc. boosted its holdings in shares of EOG Resources by 3,790.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 389 shares of the energy exploration company’s stock worth $47,000 after purchasing an additional 379 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

Shares of EOG opened at $146.62 on Friday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The stock has a market cap of $78.09 billion, a PE ratio of 14.43 and a beta of 0.25. The firm has a 50-day simple moving average of $136.76 and a two-hundred day simple moving average of $129.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the firm earned $2.87 EPS. The business’s revenue was up 22.1% on a year-over-year basis. As a group, analysts forecast that EOG Resources, Inc. will post 16.19 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. EOG Resources’s payout ratio is presently 40.16%.

Analysts Set New Price Targets

Several research firms recently issued reports on EOG. Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group decreased their target price on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Williams Trading set a $177.00 price target on shares of EOG Resources in a research note on Monday, April 20th. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. cut their price target on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and an average target price of $155.32.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.