Bryn Mawr Trust Advisors LLC Invests $1.06 Million in EOG Resources, Inc. $EOG

Key Points

• Bryn Mawr Trust Advisors initiated a $1.06 million position in EOG Resources during the second quarter, buying 8,190 shares. Institutional investors collectively own 89.91% of the company.
• EOG reported quarterly earnings of $5.07 per share, exceeding estimates, while revenue rose 57.4% year over year to $8.62 billion.
• The company declared a quarterly dividend of $1.02 per share, equal to $4.08 annually and a 2.9% yield. Analysts maintain a consensus “Hold” rating with a $156.21 price target.

Bryn Mawr Trust Advisors LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,190 shares of the energy exploration company's stock, valued at approximately $1,063,000.

A number of other large investors also recently added to or reduced their stakes in the business. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources during the 4th quarter valued at approximately $25,000. SJS Investment Consulting Inc. grew its stake in 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 acquiring an additional 124 shares in the last quarter. Prosperity Bancshares Inc purchased a new position in EOG Resources during the fourth quarter valued at $26,000. Nemes Rush Group LLC bought a new stake in EOG Resources in the 4th quarter valued at $30,000. Finally, Financial Life Planners bought a new stake in EOG Resources in the 1st quarter valued at $30,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on EOG shares. Citigroup dropped their price objective on shares of EOG Resources from $147.00 to $141.00 and set a "neutral" rating for the company in a report on Wednesday, July 8th. Zacks Research downgraded EOG Resources from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 27th. Roth Capital reissued a "neutral" rating and set a $138.00 price target on shares of EOG Resources in a research note on Wednesday, August 5th. DA Davidson lifted their price objective on EOG Resources from $148.00 to $153.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. Finally, UBS Group decreased their price objective on EOG Resources from $168.00 to $158.00 and set a "buy" rating on the stock in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seventeen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $156.21.

EOG Resources Price Performance

EOG Resources stock opened at $142.55 on Friday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $137.57 and a 200-day moving average price of $133.62. The firm has a market capitalization of $74.77 billion, a PE ratio of 11.09 and a beta of 0.25.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating 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 company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same period in the prior year, the firm posted $2.32 EPS. The firm's revenue was up 57.4% compared to the same quarter last year. As a group, equities research analysts forecast that EOG Resources, Inc. will post 16.4 EPS for the current year.

EOG Resources Announces Dividend

The firm 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. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources's dividend payout ratio is 31.75%.

EOG Resources Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source