Carnegie Lake Advisors LLC Purchases 600 Shares of EOG Resources, Inc. $EOG

Carnegie Lake Advisors LLC raised its position in EOG Resources, Inc. (NYSE:EOG) by 7.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 8,198 shares of the energy exploration company’s stock after purchasing an additional 600 shares during the period. Carnegie Lake Advisors LLC’s holdings in EOG Resources were worth $981,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in EOG Resources in the first quarter valued at $26,000. Caitong International Asset Management Co. Ltd raised its position in shares of EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 219 shares in the last quarter. Saudi Central Bank acquired a new position in shares of EOG Resources in the 1st quarter valued at about $28,000. Raleigh Capital Management Inc. acquired a new position in shares of EOG Resources in the 2nd quarter valued at about $29,000. Finally, ORG Partners LLC boosted its position in shares of EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after purchasing an additional 88 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Down 0.2%

EOG Resources stock opened at $105.00 on Friday. The firm has a market capitalization of $57.33 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. The firm’s fifty day moving average price is $112.75 and its two-hundred day moving average price is $115.59. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm posted $2.89 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.9%. EOG Resources’s dividend payout ratio is 39.65%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EOG shares. Roth Capital lowered their target price on EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. KeyCorp reduced their price objective on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Wolfe Research lowered their price objective on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Jefferies Financial Group set a $145.00 target price on shares of EOG Resources in a research note on Sunday, October 12th. Finally, Susquehanna raised their price target on shares of EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $140.76.

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.