Invesco Ltd. Purchases 294,641 Shares of EOG Resources, Inc. $EOG

Invesco Ltd. boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 7.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,494,503 shares of the energy exploration company’s stock after buying an additional 294,641 shares during the period. Invesco Ltd. owned approximately 0.82% of EOG Resources worth $537,588,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EOG. Vanguard Group Inc. boosted its position in shares of EOG Resources by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock worth $6,922,633,000 after acquiring an additional 348,895 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in EOG Resources by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after purchasing an additional 1,188,552 shares during the last quarter. Northern Trust Corp lifted its stake in EOG Resources by 6.3% during the first quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock worth $779,433,000 after purchasing an additional 358,916 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of EOG Resources by 3.9% in the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock valued at $757,808,000 after purchasing an additional 223,294 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of EOG Resources by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,911,741 shares of the energy exploration company’s stock valued at $629,789,000 after purchasing an additional 36,777 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Performance

NYSE EOG opened at $112.13 on Friday. The company has a market capitalization of $60.84 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 8.44 and a beta of 0.49. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The stock has a fifty day simple moving average of $108.28 and a 200 day simple moving average of $115.04.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.89 EPS. Sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.6%. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EOG. Wells Fargo & Company dropped their price objective on EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Barclays set a $136.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Wolfe Research reduced their price target on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. UBS Group upped their price objective on shares of EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Finally, Sanford C. Bernstein cut their target price on shares of EOG Resources from $146.00 to $144.00 and set a “market perform” rating on the stock in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $140.04.

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.