November 10, 2019 at 1:39 pm

EOG Resources Inc (NYSE:EOG) Shares Sold by Daiwa Securities Group Inc.

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Daiwa Securities Group Inc. trimmed its holdings in shares of EOG Resources Inc (NYSE:EOG) by 7.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,267 shares of the energy exploration company’s stock after selling 2,507 shares during the period. Daiwa Securities Group Inc.’s holdings in EOG Resources were worth $2,173,000 at the end of the most recent reporting period.

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A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in EOG Resources by 1.0% during the second quarter. Vanguard Group Inc. now owns 45,641,750 shares of the energy exploration company’s stock valued at $4,251,986,000 after buying an additional 473,441 shares in the last quarter. BlackRock Inc. lifted its position in EOG Resources by 3.5% during the second quarter. BlackRock Inc. now owns 35,712,596 shares of the energy exploration company’s stock valued at $3,326,986,000 after buying an additional 1,201,811 shares in the last quarter. Bank of New York Mellon Corp lifted its position in EOG Resources by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 14,661,614 shares of the energy exploration company’s stock valued at $1,365,875,000 after buying an additional 98,651 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in EOG Resources by 100.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,253,340 shares of the energy exploration company’s stock valued at $1,141,521,000 after buying an additional 6,128,570 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in EOG Resources by 32,106.0% during the second quarter. Nuveen Asset Management LLC now owns 8,219,605 shares of the energy exploration company’s stock valued at $765,738,000 after buying an additional 8,194,083 shares in the last quarter. 86.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:EOG opened at $74.70 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $71.82 and a 200 day simple moving average of $82.34. The firm has a market cap of $42.97 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.74 and a beta of 1.34. EOG Resources Inc has a 12-month low of $64.33 and a 12-month high of $108.78.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Wednesday, November 6th. The energy exploration company reported $1.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.13. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.38 billion. EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The business’s revenue was down 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 earnings per share. As a group, equities research analysts forecast that EOG Resources Inc will post 4.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 17th were paid a $0.2875 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.54%. EOG Resources’s dividend payout ratio (DPR) is presently 20.76%.

A number of research analysts have weighed in on the stock. Oppenheimer reduced their price target on shares of EOG Resources from $111.00 to $102.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. KeyCorp reduced their price target on shares of EOG Resources from $110.00 to $97.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. SunTrust Banks lifted their price target on shares of EOG Resources to $80.00 and gave the company a “hold” rating in a research report on Friday. They noted that the move was a valuation call. Morgan Stanley reduced their price target on shares of EOG Resources from $97.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, October 4th. Finally, Piper Jaffray Companies set a $111.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. EOG Resources currently has a consensus rating of “Buy” and an average target price of $108.50.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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