B & T Capital Management DBA Alpha Capital Management Makes New Investment in EOG Resources, Inc. $EOG

Key Points

• Alpha Capital Management initiated a position in EOG Resources during the second quarter, purchasing 22,560 shares valued at approximately $2.93 million. Institutional investors own nearly 90% of EOG’s outstanding stock.
• EOG reported quarterly earnings of $5.07 per share, exceeding estimates, while revenue rose 57.4% year over year to $8.62 billion. Analysts maintain a consensus “Hold” rating with an average price target of $156.
• EOG declared a quarterly dividend of $1.02 per share, equivalent to an annualized $4.08 payout and a 2.8% yield; the dividend is payable October 30 to shareholders of record October 16.

B & T Capital Management DBA Alpha Capital Management bought a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 22,560 shares of the energy exploration company's stock, valued at approximately $2,927,000.

Several other hedge funds have also made changes to their positions in EOG. Acumen Wealth Advisors LLC acquired a new position in EOG Resources in the fourth quarter valued at approximately $25,000. SJS Investment Consulting Inc. increased its position in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company's stock worth $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc purchased a new stake in EOG Resources in the 4th quarter valued at about $26,000. Nemes Rush Group LLC purchased a new stake in EOG Resources in the 4th quarter valued at about $30,000. Finally, Financial Life Planners purchased a new position in EOG Resources during the first quarter worth about $30,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on EOG. Raymond James Financial reiterated a "strong-buy" rating and set a $183.00 price target on shares of EOG Resources in a research report on Monday, August 3rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of EOG Resources in a report on Friday, August 7th. Wall Street Zen lowered EOG Resources from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. DA Davidson raised their price target on EOG Resources from $148.00 to $153.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Finally, Citigroup cut their price objective on EOG Resources from $147.00 to $141.00 and set a "neutral" rating on the stock in a report on Wednesday, July 8th. One 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $156.00.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $145.95 on Tuesday. 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, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The firm's 50 day moving average is $137.69 and its two-hundred day moving average is $134.06. The firm has a market capitalization of $76.56 billion, a P/E ratio of 11.36 and a beta of 0.25.

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

EOG Resources Announces Dividend

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