EOG Resources, Inc. (NYSE:EOG) is Findlay Park Partners LLP’s 3rd Largest Position

Findlay Park Partners LLP lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG – Get Rating) by 19.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,271,130 shares of the energy exploration company’s stock after selling 794,628 shares during the period. EOG Resources makes up approximately 4.6% of Findlay Park Partners LLP’s investment portfolio, making the stock its 3rd largest position. Findlay Park Partners LLP’s holdings in EOG Resources were worth $423,677,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EOG. Cetera Investment Advisers boosted its position in shares of EOG Resources by 16.0% during the 1st quarter. Cetera Investment Advisers now owns 16,031 shares of the energy exploration company’s stock worth $1,911,000 after purchasing an additional 2,213 shares during the period. Moors & Cabot Inc. purchased a new position in EOG Resources in the 1st quarter valued at approximately $404,000. Sequoia Financial Advisors LLC purchased a new position in EOG Resources in the 1st quarter valued at approximately $278,000. Zions Bancorporation N.A. boosted its position in EOG Resources by 237.7% in the 1st quarter. Zions Bancorporation N.A. now owns 1,155 shares of the energy exploration company’s stock valued at $138,000 after buying an additional 813 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in EOG Resources by 23.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 662 shares of the energy exploration company’s stock valued at $79,000 after buying an additional 127 shares during the period. Hedge funds and other institutional investors own 87.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EOG shares. Wells Fargo & Company reduced their price objective on shares of EOG Resources from $167.00 to $158.00 and set an “overweight” rating on the stock in a report on Wednesday, March 8th. StockNews.com started coverage on shares of EOG Resources in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Raymond James raised their price objective on shares of EOG Resources from $140.00 to $150.00 and gave the company a “strong-buy” rating in a report on Friday, April 21st. Mizuho upgraded shares of EOG Resources from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $150.00 to $146.00 in a report on Friday, May 19th. Finally, Barclays reduced their price target on shares of EOG Resources from $152.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, February 22nd. Four investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and a consensus price target of $149.33.

EOG Resources Stock Performance

Shares of EOG opened at $113.46 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.90 and a current ratio of 2.17. The company has a market capitalization of $66.36 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 0.33 and a beta of 1.53. The company’s 50 day simple moving average is $113.96 and its 200 day simple moving average is $123.96. EOG Resources, Inc. has a 1 year low of $92.16 and a 1 year high of $150.88.

EOG Resources (NYSE:EOG – Get Rating) last issued its quarterly earnings results on Friday, May 5th. The energy exploration company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.42 by $0.27. EOG Resources had a net margin of 33.83% and a return on equity of 30.34%. The firm had revenue of $6.04 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the prior year, the business posted $4.00 earnings per share. EOG Resources’s revenue for the quarter was up 51.7% compared to the same quarter last year. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.96 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 17th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, July 14th. EOG Resources’s dividend payout ratio (DPR) is 20.64%.

EOG Resources Company Profile

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EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.