48,461 Shares in EOG Resources, Inc. $EOG Purchased by Oxbow Advisors LLC

Oxbow Advisors LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 48,461 shares of the energy exploration company’s stock, valued at approximately $6,287,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $5,905,587,000. Bank of New York Mellon Corp bought a new position in shares of EOG Resources during the 2nd quarter valued at approximately $654,899,000. Deutsche Bank AG bought a new position in shares of EOG Resources during the 2nd quarter valued at approximately $251,102,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of EOG Resources during the 2nd quarter valued at approximately $168,029,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in EOG Resources by 898.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company’s stock valued at $205,411,000 after buying an additional 1,278,555 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EOG. Freedom Capital downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. UBS Group cut their price objective on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. Susquehanna reissued a “positive” rating and issued a $170.00 target price (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. Stephens lowered their target price on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Finally, Barclays set a $147.00 price target on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $156.00.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $148.68 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average is $137.92 and its two-hundred day moving average is $134.33. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The company has a market capitalization of $77.99 billion, a PE ratio of 11.57 and a beta of 0.25.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period last year, the company earned $2.32 earnings per share. As a group, analysts expect that EOG Resources, Inc. will post 16.43 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.