Trivium Point Advisory LLC purchased a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,587 shares of the energy exploration company's stock, valued at approximately $2,282,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in EOG. SJS Investment Consulting Inc. grew its position in 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 purchasing an additional 124 shares during the period. Financial Life Planners purchased a new position in EOG Resources during the first quarter worth about $30,000. Acumen Wealth Advisors LLC bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Prosperity Bancshares Inc bought a new position in EOG Resources in the 4th quarter valued at $26,000. Finally, Global Assets Advisory LLC purchased a new position in shares of EOG Resources during the 1st quarter valued at $37,000. Institutional investors own 89.91% of the company's stock.
EOG Resources Trading Down 0.0%
NYSE EOG opened at $142.55 on Monday. The firm has a market cap of $74.77 billion, a PE ratio of 11.09 and a beta of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The stock has a 50-day moving average of $137.57 and a 200-day moving average of $133.80. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25.
EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.10. The business 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 business's quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.32 EPS. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 16.43 EPS for the current year.
EOG Resources Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. EOG Resources's payout ratio is presently 31.75%.
Analysts Set New Price Targets
EOG has been the topic of a number of recent research reports. Scotiabank upped their price target on shares of EOG Resources from $123.00 to $139.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 22nd. Williams Trading set a $177.00 price objective on shares of EOG Resources in a research note on Monday, April 20th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $193.00 price target (down from $196.00) on shares of EOG Resources in a report on Thursday. Wall Street Zen cut EOG Resources from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Susquehanna reissued a "positive" rating and set a $170.00 price objective (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of "Hold" and an average price target of $156.21.
View Our Latest Research Report on EOG
EOG Resources Company Profile
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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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