River Road Asset Management LLC Has $21.72 Million Stake in EOG Resources, Inc. (NYSE:EOG)

River Road Asset Management LLC lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 7.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 179,538 shares of the energy exploration company’s stock after selling 13,943 shares during the period. River Road Asset Management LLC’s holdings in EOG Resources were worth $21,715,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. Envestnet Portfolio Solutions Inc. bought a new stake in EOG Resources during the third quarter worth about $4,431,000. TIAA Trust National Association increased its stake in EOG Resources by 639.3% in the fourth quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock valued at $6,971,000 after acquiring an additional 49,840 shares during the last quarter. L. Roy Papp & Associates LLP raised its position in EOG Resources by 18.3% during the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock valued at $20,362,000 after purchasing an additional 26,026 shares in the last quarter. NewEdge Wealth LLC lifted its stake in EOG Resources by 9.3% during the fourth quarter. NewEdge Wealth LLC now owns 115,960 shares of the energy exploration company’s stock worth $14,025,000 after purchasing an additional 9,837 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of EOG Resources by 12.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,065,042 shares of the energy exploration company’s stock valued at $370,717,000 after purchasing an additional 340,902 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EOG. KeyCorp reduced their price objective on EOG Resources from $157.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, January 11th. Stifel Nicolaus decreased their target price on shares of EOG Resources from $163.00 to $153.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Scotiabank downgraded shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the stock from $135.00 to $155.00 in a research report on Thursday, April 11th. Morgan Stanley boosted their target price on shares of EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Susquehanna decreased their price target on EOG Resources from $164.00 to $147.00 and set a “positive” rating for the company in a report on Friday, January 26th. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $140.90.

EOG Resources Stock Performance

EOG opened at $132.40 on Thursday. EOG Resources, Inc. has a 1-year low of $106.32 and a 1-year high of $139.67. The company has a market cap of $76.16 billion, a price-to-earnings ratio of 10.18 and a beta of 1.40. The company’s fifty day moving average price is $122.63 and its two-hundred day moving average price is $121.92. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the firm earned $3.30 earnings per share. The company’s revenue was down 5.4% on a year-over-year basis. On average, analysts expect that EOG Resources, Inc. will post 12.07 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a $0.91 dividend. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.75%. EOG Resources’s dividend payout ratio is presently 27.98%.

EOG Resources Company 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.