Energy Income Partners LLC Takes Position in EOG Resources, Inc. $EOG

Energy Income Partners LLC purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 248,767 shares of the energy exploration company’s stock, valued at approximately $32,273,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summitry LLC lifted its stake in shares of EOG Resources by 1.5% during the 1st quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock worth $699,000 after acquiring an additional 73 shares during the last quarter. Twin Capital Management Inc. increased its stake in EOG Resources by 0.3% in the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after buying an additional 79 shares during the period. Sax Wealth Advisors LLC increased its stake in EOG Resources by 2.8% in the 2nd quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock worth $377,000 after buying an additional 79 shares during the period. Paladin Wealth LLC grew its stake in EOG Resources by 5.3% in the 2nd quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company’s stock worth $207,000 after acquiring an additional 80 shares in the last quarter. Finally, Hardy Reed LLC increased its position in shares of EOG Resources by 3.8% during the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock worth $325,000 after acquiring an additional 82 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Up 1.7%

Shares of EOG stock opened at $148.68 on Wednesday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The firm has a market capitalization of $77.99 billion, a P/E ratio of 11.57 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The stock’s fifty day moving average is $137.92 and its two-hundred day moving average is $134.33.

EOG Resources (NYSE:EOGGet Free Report) last released its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. EOG Resources’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.32 EPS. Research analysts expect that EOG Resources, Inc. will post 16.43 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 16th. EOG Resources’s payout ratio is currently 31.75%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wall Street Zen lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Capital One Financial reduced their target price on EOG Resources from $161.00 to $159.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Wells Fargo & Company restated an “overweight” rating and issued a $193.00 target price (down from $196.00) on shares of EOG Resources in a research note on Thursday, August 13th. The Goldman Sachs Group decreased their price objective on shares of EOG Resources from $139.00 to $129.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Finally, Scotiabank upped their target price on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $156.00.

Get 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.

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

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