Groupama Asset Managment Has $4.69 Million Holdings in EOG Resources, Inc. $EOG

Groupama Asset Managment decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 26.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,068 shares of the energy exploration company’s stock after selling 13,558 shares during the quarter. Groupama Asset Managment’s holdings in EOG Resources were worth $4,692,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of EOG Resources in the first quarter valued at approximately $451,908,000. GAMMA Investing LLC raised its holdings in EOG Resources by 14,784.1% in the 1st quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company’s stock valued at $164,323,000 after acquiring an additional 1,272,765 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of EOG Resources by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after acquiring an additional 1,188,552 shares during the period. Deutsche Bank AG grew its holdings in shares of EOG Resources by 58.6% during the 4th quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company’s stock worth $255,139,000 after purchasing an additional 769,362 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of EOG Resources by 134.7% during the 4th quarter. AQR Capital Management LLC now owns 1,294,824 shares of the energy exploration company’s stock worth $158,720,000 after purchasing an additional 743,202 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Down 0.5%

EOG opened at $117.1930 on Wednesday. The company has a market cap of $63.99 billion, a P/E ratio of 11.39, a PEG ratio of 9.03 and a beta of 0.80. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $120.34 and its 200-day moving average is $119.26. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter in the prior year, the firm earned $3.16 EPS. The firm’s revenue was down 9.1% compared to the same quarter last year. Equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, October 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. EOG Resources’s dividend payout ratio is currently 37.90%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Bank of America dropped their price target on EOG Resources from $125.00 to $124.00 and set a “neutral” rating for the company in a research note on Friday, May 23rd. Mizuho dropped their target price on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Royal Bank Of Canada cut their price target on shares of EOG Resources from $145.00 to $140.00 and set an “outperform” rating for the company in a report on Tuesday, July 8th. Jefferies Financial Group reissued a “buy” rating and issued a $148.00 price objective (up from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. Finally, Susquehanna boosted their price objective on shares of EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.71.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the business’s stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the sale, the chief operating officer owned 45,739 shares in the company, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

About EOG Resources

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.