Van ECK Associates Corp Has $4.01 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Van ECK Associates Corp decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,146 shares of the energy exploration company’s stock after selling 482 shares during the quarter. Van ECK Associates Corp’s holdings in EOG Resources were worth $4,009,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Qube Research & Technologies Ltd increased its position in shares of EOG Resources by 863.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock worth $139,445,000 after purchasing an additional 985,884 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in EOG Resources by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after buying an additional 892,951 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in EOG Resources during the third quarter worth $71,596,000. Invesco Ltd. lifted its stake in EOG Resources by 15.2% in the third quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock valued at $443,088,000 after acquiring an additional 460,872 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of EOG Resources by 38.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,474,807 shares of the energy exploration company’s stock worth $186,946,000 after purchasing an additional 408,833 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $130.02 on Monday. The company has a 50 day moving average of $127.48 and a 200-day moving average of $122.39. The company has a market cap of $74.79 billion, a PE ratio of 10.27 and a beta of 1.38. 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, Inc. has a 1-year low of $106.32 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.12. EOG Resources had a return on equity of 25.11% and a net margin of 30.33%. The firm 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 company earned $2.69 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts forecast that EOG Resources, Inc. will post 12.14 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently commented on EOG shares. Stifel Nicolaus reduced their price target on EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Morgan Stanley boosted their target price on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. JPMorgan Chase & Co. increased their price target on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. TD Cowen lifted their price objective on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Finally, Raymond James dropped their price objective on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Thirteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $142.27.

About EOG Resources

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.