EOG Resources, Inc. (NYSE:EOG) Position Increased by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 13.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,940 shares of the energy exploration company’s stock after purchasing an additional 1,276 shares during the period. First Trust Direct Indexing L.P.’s holdings in EOG Resources were worth $1,399,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Capital World Investors lifted its holdings in EOG Resources by 59.2% in the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after acquiring an additional 9,455,621 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after purchasing an additional 1,029,727 shares during the period. Pacer Advisors Inc. lifted 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 worth $370,717,000 after purchasing an additional 340,902 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in EOG Resources by 54.7% during the 4th quarter. Westwood Holdings Group Inc. now owns 944,212 shares of the energy exploration company’s stock valued at $114,202,000 after purchasing an additional 333,901 shares during the period. Finally, Panagora Asset Management Inc. grew its stake in EOG Resources by 61.3% during the 4th quarter. Panagora Asset Management Inc. now owns 783,386 shares of the energy exploration company’s stock worth $94,751,000 after buying an additional 297,623 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on EOG. TD Cowen raised their target price on EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Stifel Nicolaus reduced their target price on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a research note on Tuesday, April 9th. JPMorgan Chase & Co. boosted their price objective on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Finally, StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average price target of $143.19.

Insider Activity

In related news, EVP Michael P. Donaldson sold 2,685 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the transaction, the executive vice president now owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael P. Donaldson sold 2,685 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $130.29, for a total transaction of $349,828.65. Following the sale, the executive vice president now owns 109,040 shares of the company’s stock, valued at $14,206,821.60. The disclosure for this sale can be found here. Insiders have sold 16,512 shares of company stock worth $2,144,972 over the last 90 days. 0.20% of the stock is owned by company insiders.

EOG Resources Price Performance

Shares of NYSE:EOG traded up $0.12 on Thursday, reaching $126.77. 1,814,117 shares of the company traded hands, compared to its average volume of 2,633,219. The stock has a market capitalization of $72.86 billion, a PE ratio of 10.01, a P/E/G ratio of 1.75 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The company’s 50 day moving average is $125.79 and its 200-day moving average is $122.56. EOG Resources, Inc. has a fifty-two week low of $108.94 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.70 by $0.12. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. EOG Resources’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.69 earnings per share. As a group, analysts anticipate that EOG Resources, Inc. will post 12.06 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

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.