M&T Bank Corp boosted its holdings in shares of EOG Resources Inc (NYSE:EOG) by 5.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 421,230 shares of the energy exploration company’s stock after purchasing an additional 23,477 shares during the period. M&T Bank Corp owned about 0.07% of EOG Resources worth $21,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pacer Advisors Inc. acquired a new position in EOG Resources during the second quarter valued at $6,204,000. Caymus Capital Partners L.P. purchased a new position in EOG Resources in the second quarter valued at $1,413,000. B & T Capital Management DBA Alpha Capital Management increased its holdings in EOG Resources by 89.2% in the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 29,977 shares of the energy exploration company’s stock valued at $1,519,000 after buying an additional 14,133 shares in the last quarter. Kidder Stephen W increased its holdings in EOG Resources by 4.1% in the second quarter. Kidder Stephen W now owns 24,140 shares of the energy exploration company’s stock valued at $1,222,000 after buying an additional 950 shares in the last quarter. Finally, Fayerweather Charles increased its holdings in EOG Resources by 15.3% in the second quarter. Fayerweather Charles now owns 7,045 shares of the energy exploration company’s stock valued at $357,000 after buying an additional 935 shares in the last quarter. Institutional investors own 87.42% of the company’s stock.
NYSE:EOG opened at $46.85 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.51 and a quick ratio of 1.35. The firm has a market capitalization of $27.11 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 8.79 and a beta of 1.98. The company’s 50-day moving average is $49.48 and its two-hundred day moving average is $54.49. EOG Resources Inc has a 1-year low of $27.00 and a 1-year high of $89.54.
The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were issued a $0.375 dividend. The ex-dividend date was Thursday, July 16th. This represents a $1.50 annualized dividend and a yield of 3.20%. EOG Resources’s payout ratio is 30.12%.
A number of research analysts have weighed in on the stock. Scotiabank cut their price objective on shares of EOG Resources from $65.00 to $57.00 and set a “sector perform” rating for the company in a report on Monday, July 13th. Credit Suisse Group lifted their price objective on shares of EOG Resources from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Mizuho lifted their price objective on shares of EOG Resources from $83.00 to $84.00 in a report on Friday, June 19th. Siebert Williams Shank started coverage on shares of EOG Resources in a research note on Monday, June 15th. They set a “hold” rating and a $60.00 target price for the company. Finally, Morgan Stanley boosted their target price on shares of EOG Resources from $41.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $67.84.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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