Focus Partners Advisor Solutions LLC Makes New $2.21 Million Investment in EOG Resources, Inc. $EOG

Key Points

• Focus Partners Advisor Solutions acquired 17,002 shares of EOG Resources in the second quarter, worth approximately $2.21 million. Institutional investors own about 89.91% of EOG’s outstanding stock.
• EOG reported quarterly earnings of $5.07 per share, exceeding estimates of $4.97, while revenue rose 57.4% year over year to $8.62 billion.
• EOG declared a quarterly dividend of $1.02 per share, equal to a $4.08 annualized payout and a 2.9% yield. Analysts maintain a consensus “Hold” rating with a $156.21 price target.

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 & Exchange Commission. The institutional investor acquired 17,002 shares of the energy exploration company's stock, valued at approximately $2,206,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EOG. Arrowstreet Capital Limited Partnership boosted its holdings in EOG Resources by 898.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company's stock worth $205,411,000 after buying an additional 1,278,555 shares during the period. Franklin Resources Inc. increased its stake in EOG Resources by 24.2% in the 4th quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company's stock worth $676,627,000 after buying an additional 1,257,110 shares in the last quarter. First Trust Advisors LP raised its holdings in EOG Resources by 70.5% during the fourth quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company's stock valued at $312,711,000 after acquiring an additional 1,231,366 shares during the period. Marshall Wace LLP raised its holdings in EOG Resources by 474.7% during the fourth quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company's stock valued at $138,430,000 after acquiring an additional 1,088,867 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of EOG Resources by 23.9% in the fourth quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company's stock valued at $490,394,000 after acquiring an additional 901,897 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Up 0.8%

Shares of EOG stock opened at $142.55 on Friday. 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 stock has a market capitalization of $74.77 billion, a price-to-earnings ratio of 11.09 and a beta of 0.25. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The stock's 50-day moving average price is $137.57 and its 200-day moving average price is $133.62.

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, beating analysts' consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion during the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The firm's revenue was up 57.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.32 earnings per share. Equities research analysts predict that EOG Resources, Inc. will post 16.43 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources's dividend payout ratio is 31.75%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EOG shares. Roth Capital reaffirmed a "neutral" rating and issued a $138.00 price objective on shares of EOG Resources in a research note on Wednesday, August 5th. Freedom Capital cut EOG Resources from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. dropped their price target on EOG Resources from $148.00 to $142.00 and set a "neutral" rating for the company in a research note on Tuesday, June 30th. Zacks Research lowered shares of EOG Resources from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 27th. Finally, Scotiabank lifted their price objective on shares of EOG Resources from $123.00 to $139.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 22nd. 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $156.21.

EOG Resources 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.

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