Laffer Tengler Investments Inc. Has $5.77 Million Holdings in EOG Resources, Inc. $EOG

Laffer Tengler Investments Inc. lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 14.4% during the second quarter, HoldingsChannel.com reports. The fund owned 48,249 shares of the energy exploration company’s stock after selling 8,110 shares during the quarter. Laffer Tengler Investments Inc.’s holdings in EOG Resources were worth $5,771,000 at the end of the most recent quarter.

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

EOG Resources Price Performance

NYSE:EOG opened at $105.19 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The company has a 50 day moving average price of $112.35 and a 200-day moving average price of $115.62. The firm has a market cap of $57.44 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating 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 firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the firm earned $2.89 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is currently 40.64%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EOG. Piper Sandler set a $129.00 target price on EOG Resources and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Mizuho lowered their target price on EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. The Goldman Sachs Group reduced their target price on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Melius Research initiated coverage on EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $140.76.

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.