United Services Automobile Association increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 7.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 603,799 shares of the energy exploration company’s stock after buying an additional 40,460 shares during the period. United Services Automobile Association owned 0.10% of EOG Resources worth $58,901,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its position in shares of EOG Resources by 2.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,185,625 shares of the energy exploration company’s stock worth $322,067,000 after buying an additional 70,513 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new position in shares of EOG Resources during the first quarter worth approximately $3,612,000. Capital International Inc. CA boosted its position in shares of EOG Resources by 40.6% in the fourth quarter. Capital International Inc. CA now owns 49,840 shares of the energy exploration company’s stock worth $5,039,000 after buying an additional 14,390 shares during the last quarter. Morse Asset Management Inc acquired a new position in shares of EOG Resources during the first quarter worth approximately $5,899,000. Finally, Atria Investments LLC boosted its position in shares of EOG Resources by 35.1% in the first quarter. Atria Investments LLC now owns 4,988 shares of the energy exploration company’s stock worth $487,000 after buying an additional 1,296 shares during the last quarter. 84.86% of the stock is owned by institutional investors.
EOG Resources, Inc. (NYSE:EOG) opened at 92.91 on Friday. The stock has a 50 day moving average of $89.73 and a 200-day moving average of $95.44. The stock’s market cap is $53.63 billion. EOG Resources, Inc. has a 12 month low of $78.04 and a 12 month high of $109.37.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Monday, May 8th. The energy exploration company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.19 billion. EOG Resources had a negative net margin of 6.70% and a negative return on equity of 2.69%. The firm’s revenue was up 92.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.83) earnings per share. On average, equities analysts forecast that EOG Resources, Inc. will post $0.80 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 17th will be given a dividend of $0.1675 per share. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 0.72%. EOG Resources’s dividend payout ratio (DPR) is presently -62.04%.
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A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of EOG Resources from a “hold” rating to a “sell” rating in a research note on Friday. Citigroup Inc. cut shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $112.00 to $98.00 in a research note on Friday. Royal Bank Of Canada set a $115.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a research note on Sunday, July 16th. Stifel Nicolaus reissued a “buy” rating and issued a $111.00 price objective on shares of EOG Resources in a research note on Friday, July 14th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of EOG Resources in a research note on Friday, July 7th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have assigned a buy rating to the stock. EOG Resources currently has an average rating of “Buy” and an average target price of $108.59.
EOG Resources Company Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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