Stack Financial Management Inc Invests $25.04 Million in EOG Resources, Inc. $EOG

Stack Financial Management Inc bought a new position in shares of EOG Resources, Inc. (NYSE:EOGFree Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 192,975 shares of the energy exploration company’s stock, valued at approximately $25,035,000. EOG Resources makes up approximately 2.0% of Stack Financial Management Inc’s investment portfolio, making the stock its 18th biggest position.

A number of other hedge funds have also made changes to their positions in EOG. Acumen Wealth Advisors LLC acquired a new position in EOG Resources in the fourth quarter valued at about $25,000. SJS Investment Consulting Inc. grew its stake in EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after buying an additional 124 shares during the last quarter. Prosperity Bancshares Inc acquired a new stake in shares of EOG Resources during the fourth quarter worth approximately $26,000. Nemes Rush Group LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth approximately $30,000. Finally, Financial Life Planners bought a new position in shares of EOG Resources in the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Up 0.8%

EOG opened at $142.55 on Friday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The stock has a market capitalization of $74.77 billion, a PE ratio of 11.09 and a beta of 0.25. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $137.57 and a two-hundred day moving average price of $133.62.

EOG Resources (NYSE:EOGGet Free Report) last announced its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same period in the prior year, the business earned $2.32 earnings per share. EOG Resources’s quarterly revenue was up 57.4% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources, Inc. will post 16.4 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, October 16th. EOG Resources’s payout ratio is 31.75%.

Analyst Ratings Changes

EOG has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their target price on EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $193.00 price target (down from $196.00) on shares of EOG Resources in a report on Thursday. Mizuho set a $157.00 price target on EOG Resources and gave the company a “neutral” rating in a report on Wednesday, May 27th. Susquehanna reiterated a “positive” rating and issued a $170.00 price objective (up from $166.00) on shares of EOG Resources in a research report on Tuesday, July 21st. Finally, Stephens reduced their price objective on EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus target price of $156.21.

View Our Latest Research Report on EOG Resources

About EOG Resources

(Free Report)

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

See Also

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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