EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Royal Bank of Canada

Royal Bank of Canada boosted its position in EOG Resources, Inc. (NYSE:EOG) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,713,910 shares of the energy exploration company’s stock after purchasing an additional 211,252 shares during the quarter. Royal Bank of Canada owned about 0.66% of EOG Resources worth $455,251,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital World Investors boosted its holdings in EOG Resources by 5.2% in the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock valued at $5,628,497,000 after purchasing an additional 2,270,013 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after buying an additional 781,282 shares during the period. Geode Capital Management LLC grew its stake in shares of EOG Resources by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company’s stock valued at $1,541,282,000 after buying an additional 234,067 shares during the period. Northern Trust Corp grew its stake in shares of EOG Resources by 2.9% in the 4th quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company’s stock valued at $701,036,000 after buying an additional 159,216 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of EOG Resources by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company’s stock valued at $696,990,000 after buying an additional 365,115 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Susquehanna dropped their price target on shares of EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a research report on Tuesday, April 22nd. Mizuho decreased their price objective on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating on the stock in a report on Tuesday. Williams Trading set a $154.00 target price on shares of EOG Resources in a report on Wednesday, March 5th. Finally, Barclays cut their target price on EOG Resources from $140.00 to $137.00 and set an “equal weight” rating on the stock in a research report on Friday, May 2nd. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $140.63.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

EOG Resources Stock Performance

Shares of EOG opened at $115.43 on Friday. The stock has a 50-day simple moving average of $115.84 and a 200-day simple moving average of $124.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market capitalization of $63.00 billion, a PE ratio of 9.29, a PEG ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.82 EPS. On average, analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources’s payout ratio is presently 36.18%.

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.