Corient Private Wealth LP Takes Position in EOG Resources, Inc. $EOG

Corient Private Wealth LP acquired a new position in shares of EOG Resources, Inc. (NYSE:EOGFree Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 178,298 shares of the energy exploration company’s stock, valued at approximately $23,131,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Acumen Wealth Advisors LLC acquired a new position in EOG Resources during the 4th quarter worth $25,000. Prosperity Bancshares Inc bought a new position in shares of EOG Resources in the fourth quarter worth $26,000. SJS Investment Consulting Inc. increased its holdings in shares of EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the period. Nemes Rush Group LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at $30,000. Finally, Gen Wealth Partners Inc acquired a new position in shares of EOG Resources during the fourth quarter valued at $30,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Down 0.7%

Shares of EOG Resources stock opened at $143.53 on Friday. The business has a fifty day simple moving average of $140.20 and a 200-day simple moving average of $136.19. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $153.67. The firm has a market cap of $75.29 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 0.54 and a beta of 0.25. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOGGet Free Report) last released 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 return on equity of 23.44% and a net margin of 25.44%.The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same period in the previous year, the company earned $2.32 earnings per share. EOG Resources’s revenue was up 57.4% compared to the same quarter last year. On average, equities analysts forecast that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is 31.75%.

Analyst Upgrades and Downgrades

EOG has been the subject of several research analyst reports. Roth Capital reaffirmed a “neutral” rating and issued a $138.00 price objective on shares of EOG Resources in a report on Wednesday, August 5th. The Goldman Sachs Group reissued a “neutral” rating and set a $151.00 target price (up from $127.00) on shares of EOG Resources in a research note on Monday. Raymond James Financial restated a “strong-buy” rating and set a $183.00 price target on shares of EOG Resources in a research report on Monday, August 3rd. JPMorgan Chase & Co. reduced their price target on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Finally, DA Davidson increased their price objective on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus price target of $156.33.

Read Our Latest Stock Report on EOG

Insider Activity

In other news, CEO Ezra Y. Yacob sold 35,942 shares of EOG Resources stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $152.10, for a total value of $5,466,778.20. Following the transaction, the chief executive officer owned 242,451 shares of the company’s stock, valued at $36,876,797.10. The trade was a 12.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

EOG Resources Company Profile

(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

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

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