Kingsview Wealth Management LLC Acquires New Stake in EOG Resources, Inc. $EOG

Kingsview Wealth Management LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOGFree Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,927 shares of the energy exploration company’s stock, valued at approximately $509,000.

Several other hedge funds also recently made changes to their positions in the company. Sivia Capital Partners LLC purchased a new stake in EOG Resources in the 2nd quarter valued at approximately $258,000. Quantbot Technologies LP acquired a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $349,000. Gamco Investors INC. ET AL lifted its holdings in shares of EOG Resources by 216.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after buying an additional 4,485 shares during the period. NewEdge Advisors LLC boosted its stake in shares of EOG Resources by 2.0% in the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after buying an additional 444 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after buying an additional 15,250 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on EOG shares. Capital One Financial lowered EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price objective on the stock. in a report on Wednesday, August 26th. Roth Capital restated a “neutral” rating and set a $138.00 target price on shares of EOG Resources in a research report on Wednesday, August 5th. UBS Group decreased their target price on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. Stephens cut their price target on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Finally, Mizuho set a $157.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $156.33.

Read Our Latest Stock Report on EOG Resources

Insider Buying and Selling

In other EOG Resources news, CEO Ezra Y. Yacob sold 35,942 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the transaction, the chief executive officer directly owned 242,451 shares in the company, valued at approximately $36,876,797.10. This trade represents a 12.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

EOG Resources Stock Up 0.1%

EOG opened at $143.53 on Monday. 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 company has a market cap of $75.29 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 0.53 and a beta of 0.25. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $153.67. The business’s fifty day moving average is $140.20 and its two-hundred day moving average is $136.35.

EOG Resources (NYSE:EOGGet Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter last year, the business posted $2.32 earnings per share. The business’s revenue for the quarter was up 57.4% on a year-over-year basis. Analysts anticipate that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio is presently 31.75%.

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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