Fisher Asset Management LLC Has $147.62 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Fisher Asset Management LLC raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 856.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,200,851 shares of the energy exploration company’s stock after acquiring an additional 1,075,334 shares during the period. Fisher Asset Management LLC owned approximately 0.21% of EOG Resources worth $147,621,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EOG. Charles Schwab Investment Management Inc. boosted its stake in EOG Resources by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,411,032 shares of the energy exploration company’s stock valued at $2,140,338,000 after purchasing an additional 75,194 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of EOG Resources by 2.2% during the second quarter. Ameriprise Financial Inc. now owns 12,311,541 shares of the energy exploration company’s stock worth $1,549,098,000 after buying an additional 260,727 shares in the last quarter. Legal & General Group Plc boosted its position in shares of EOG Resources by 9.1% in the second quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company’s stock valued at $609,300,000 after acquiring an additional 403,676 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of EOG Resources by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 4,473,897 shares of the energy exploration company’s stock valued at $563,070,000 after acquiring an additional 258,732 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in EOG Resources by 3.2% during the third quarter. Pacer Advisors Inc. now owns 4,254,645 shares of the energy exploration company’s stock worth $523,024,000 after acquiring an additional 130,822 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EOG. Wells Fargo & Company increased their target price on shares of EOG Resources from $135.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Barclays reduced their price target on EOG Resources from $144.00 to $137.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Tuesday, November 12th. Susquehanna reduced their target price on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. dropped their price target on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Fifteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus target price of $144.00.

Insider Activity at EOG Resources

In other EOG Resources news, Director Janet F. Clark sold 568 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total transaction of $76,867.44. Following the sale, the director now directly owns 43,532 shares of the company’s stock, valued at $5,891,185.56. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

EOG Resources Trading Down 3.2 %

Shares of EOG stock opened at $131.98 on Tuesday. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The stock’s fifty day simple moving average is $128.16 and its 200 day simple moving average is $126.16. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $74.23 billion, a P/E ratio of 10.63, a P/E/G ratio of 3.62 and a beta of 1.28.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.90 annualized dividend and a dividend yield of 2.95%. This is an increase from EOG Resources’s previous quarterly dividend of $0.91. EOG Resources’s dividend payout ratio is currently 29.31%.

EOG Resources announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.