Natixis Advisors L.P. Increases Position in EOG Resources, Inc. (NYSE:EOG)

Natixis Advisors L.P. increased its position in EOG Resources, Inc. (NYSE:EOG) by 14.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 324,261 shares of the energy exploration company’s stock after acquiring an additional 41,469 shares during the period. Natixis Advisors L.P. owned approximately 0.06% of EOG Resources worth $39,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. McIlrath & Eck LLC increased its holdings in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after buying an additional 104 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares during the last quarter. Peoples Bank KS acquired a new position in EOG Resources during the third quarter valued at $31,000. Hall Laurie J Trustee acquired a new stake in EOG Resources during the 4th quarter worth about $36,000. Finally, Keener Financial Planning LLC purchased a new position in shares of EOG Resources during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 1.4 %

Shares of NYSE EOG traded down $1.78 during midday trading on Friday, reaching $130.02. 5,660,840 shares of the stock were exchanged, compared to its average volume of 2,953,117. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67. The stock has a market capitalization of $74.79 billion, a P/E ratio of 10.27 and a beta of 1.38. The company has a 50 day simple moving average of $127.11 and a 200 day simple moving average of $122.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 25.11% and a net margin of 30.33%. The business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the prior year, the business posted $2.69 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts expect that EOG Resources, Inc. will post 12.14 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

Analyst Ratings Changes

A number of brokerages have recently commented on EOG. TD Cowen upped their target price on EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, March 28th. Mizuho upped their price objective on shares of EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. TD Securities dropped their target price on EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd. Finally, Bank of America cut EOG Resources from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $147.00 to $140.00 in a report on Friday, January 5th. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $142.27.

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.