Pitcairn Co. Boosts Stock Holdings in EOG Resources, Inc. $EOG

Pitcairn Co. boosted its position in EOG Resources, Inc. (NYSE:EOG) by 53.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,207 shares of the energy exploration company’s stock after purchasing an additional 6,374 shares during the period. Pitcairn Co.’s holdings in EOG Resources were worth $2,178,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Kiker Wealth Management LLC acquired a new position in shares of EOG Resources during the 2nd quarter worth approximately $627,000. Railway Pension Investments Ltd grew its holdings in EOG Resources by 6.9% during the 2nd quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after buying an additional 28,800 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in EOG Resources by 9.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after buying an additional 5,156 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of EOG Resources by 30.1% in the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock worth $25,107,000 after acquiring an additional 45,295 shares during the last quarter. Finally, River Road Asset Management LLC lifted its position in shares of EOG Resources by 15.2% in the second quarter. River Road Asset Management LLC now owns 75,878 shares of the energy exploration company’s stock valued at $9,107,000 after acquiring an additional 9,999 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EOG shares. KeyCorp dropped their price objective on EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Roth Capital cut their price objective on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Scotiabank restated a “sector perform” rating and set a $130.00 target price on shares of EOG Resources in a research report on Friday, September 26th. Argus cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Wolfe Research reduced their price target on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources has a consensus rating of “Hold” and an average target price of $139.43.

EOG Resources Stock Performance

Shares of EOG stock opened at $108.01 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The firm has a market capitalization of $58.61 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 8.17 and a beta of 0.49. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a 50 day moving average price of $108.00 and a 200 day moving average price of $115.05.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The company had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the business earned $2.89 EPS. EOG Resources’s revenue for the quarter was down 2.0% on a year-over-year basis. Sell-side analysts anticipate 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 given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is 40.64%.

EOG Resources 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.