Foster & Motley Inc. Takes $4.84 Million Position in EOG Resources, Inc. $EOG

Foster & Motley Inc. bought a new stake in EOG Resources, Inc. (NYSE:EOG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,317 shares of the energy exploration company’s stock, valued at approximately $4,841,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of EOG Resources by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock valued at $5,651,172,000 after acquiring an additional 446,341 shares in the last quarter. BlackRock Inc. acquired a new stake in EOG Resources during the 2nd quarter valued at $5,905,587,000. State Street Corp increased its stake in shares of EOG Resources by 0.3% in the fourth quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock valued at $3,209,365,000 after buying an additional 100,080 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in EOG Resources by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after acquiring an additional 371,548 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in EOG Resources by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock worth $1,364,309,000 after purchasing an additional 95,260 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Performance

NYSE EOG opened at $148.68 on Wednesday. The stock has a market cap of $77.99 billion, a PE ratio of 11.57 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The firm’s fifty day moving average price is $137.92 and its two-hundred day moving average price is $134.33. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same period in the prior year, the company posted $2.32 EPS. The company’s revenue was up 57.4% on a year-over-year basis. On average, equities analysts expect that EOG Resources, Inc. will post 16.43 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

Analyst Ratings Changes

Several brokerages have weighed in on EOG. Jefferies Financial Group reissued a “buy” rating and set a $175.00 price objective (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. The Goldman Sachs Group decreased their target price on EOG Resources from $139.00 to $129.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Freedom Capital cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Susquehanna reissued a “positive” rating and issued a $170.00 price objective (up from $166.00) on shares of EOG Resources in a research report on Tuesday, July 21st. Finally, Zacks Research cut EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources has a consensus rating of “Hold” and an average target price of $156.00.

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.