Focus Partners Advisor Solutions LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,002 shares of the energy exploration company’s stock, valued at approximately $2,206,000.
A number of other large investors have also recently made changes to their positions in the business. SJS Investment Consulting Inc. lifted its holdings in shares of EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 124 shares during the last quarter. Financial Life Planners bought a new stake in EOG Resources during the first quarter worth approximately $30,000. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources during the fourth quarter valued at approximately $25,000. Prosperity Bancshares Inc purchased a new stake in EOG Resources during the fourth quarter valued at approximately $26,000. Finally, Global Assets Advisory LLC bought a new stake in shares of EOG Resources in the 1st quarter valued at approximately $37,000. 89.91% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on EOG. Truist Financial lifted their target price on EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. The Goldman Sachs Group decreased their price target on EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Jefferies Financial Group restated a “buy” rating and issued a $175.00 price target (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. Zacks Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $193.00 price objective (down from $196.00) on shares of EOG Resources in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $156.21.
EOG Resources Stock Up 0.8%
Shares of NYSE 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 firm has a 50-day simple moving average of $137.57 and a two-hundred day simple moving average of $133.62. The company has a market cap of $74.77 billion, a P/E ratio of 11.09 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68.
EOG Resources (NYSE:EOG – Get Free Report) last released its earnings results 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 firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The company’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.32 earnings per share. Research analysts anticipate that EOG Resources, Inc. will post 16.43 earnings per share for the current 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 issued a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s payout ratio is presently 31.75%.
About EOG Resources
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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