Silvant Capital Management LLC Takes $8.72 Million Position in EOG Resources (EOG)

Silvant Capital Management LLC bought a new stake in shares of EOG Resources (NYSE:EOG) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 82,825 shares of the energy exploration company’s stock, valued at approximately $8,719,000. EOG Resources comprises 1.1% of Silvant Capital Management LLC’s investment portfolio, making the stock its 18th biggest position.

A number of other institutional investors also recently made changes to their positions in EOG. Neuberger Berman Group LLC lifted its holdings in shares of EOG Resources by 1.7% in the 1st quarter. Neuberger Berman Group LLC now owns 6,296,404 shares of the energy exploration company’s stock worth $662,822,000 after acquiring an additional 102,770 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of EOG Resources by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 5,644,014 shares of the energy exploration company’s stock worth $607,661,000 after acquiring an additional 161,514 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of EOG Resources by 1.7% in the 1st quarter. American Century Companies Inc. now owns 4,327,336 shares of the energy exploration company’s stock worth $455,539,000 after acquiring an additional 72,396 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of EOG Resources by 0.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,033,961 shares of the energy exploration company’s stock worth $435,304,000 after acquiring an additional 27,075 shares during the last quarter. Finally, Eaton Vance Management lifted its holdings in shares of EOG Resources by 11.8% in the 1st quarter. Eaton Vance Management now owns 3,239,350 shares of the energy exploration company’s stock worth $341,006,000 after acquiring an additional 342,069 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

EOG has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $146.00 price target on shares of EOG Resources and gave the company a “buy” rating in a report on Monday, April 23rd. UBS initiated coverage on shares of EOG Resources in a report on Wednesday, March 7th. They set a “buy” rating and a $125.00 price target for the company. Piper Jaffray set a $122.00 price target on shares of EOG Resources and gave the company a “buy” rating in a report on Wednesday, March 14th. Jefferies Group set a $111.00 price target on shares of EOG Resources and gave the company a “hold” rating in a report on Thursday, March 8th. Finally, Tudor Pickering lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Thursday, May 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $122.57.

Shares of EOG Resources stock opened at $126.15 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The firm has a market cap of $70.33 billion, a price-to-earnings ratio of 112.63, a P/E/G ratio of 3.31 and a beta of 1.05. EOG Resources has a 12-month low of $119.59 and a 12-month high of $120.99.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 3rd. The energy exploration company reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.39. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.51 billion. EOG Resources had a net margin of 26.00% and a return on equity of 8.19%. The company’s quarterly revenue was up 41.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. analysts forecast that EOG Resources will post 4.8 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Saturday, July 7th will be given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Monday, July 16th. EOG Resources’s payout ratio is currently 66.07%.

In other news, SVP Ann D. Janssen sold 4,816 shares of the company’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $117.97, for a total value of $568,143.52. Following the sale, the senior vice president now directly owns 56,476 shares of the company’s stock, valued at approximately $6,662,473.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank G. Wisner sold 890 shares of the company’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $115.81, for a total transaction of $103,070.90. Following the completion of the sale, the director now directly owns 118,700 shares in the company, valued at $13,746,647. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the United Kingdom, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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