Global Retirement Partners LLC Makes New $2.42 Million Investment in EOG Resources, Inc. $EOG

Global Retirement Partners LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,625 shares of the energy exploration company's stock, valued at approximately $2,416,000.

Several other institutional investors have also modified their holdings of EOG. Ilmarinen Mutual Pension Insurance Co boosted its holdings in shares of EOG Resources by 39.2% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company's stock valued at $9,136,000 after buying an additional 24,500 shares during the period. Concurrent Investment Advisors LLC raised its holdings in shares of EOG Resources by 66.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company's stock worth $2,073,000 after acquiring an additional 7,877 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in EOG Resources by 2.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company's stock valued at $123,451,000 after acquiring an additional 24,984 shares in the last quarter. Cumberland Partners Ltd lifted its position in EOG Resources by 432.0% in the 4th quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company's stock valued at $1,625,000 after acquiring an additional 12,562 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in EOG Resources by 8.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company's stock worth $32,541,000 after purchasing an additional 24,960 shares during the period. Institutional investors own 89.91% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on EOG shares. Stephens lowered their target price on EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Susquehanna restated a "positive" rating and issued a $170.00 price target (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. Morgan Stanley reduced their price objective on EOG Resources from $160.00 to $156.00 and set an "equal weight" rating for the company in a research report on Friday, June 26th. Mizuho set a $157.00 price objective on EOG Resources and gave the stock a "neutral" rating in a report on Wednesday, May 27th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $183.00 price objective on shares of EOG Resources in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $156.21.

EOG Resources Stock Performance

Shares of EOG opened at $142.55 on Monday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The firm has a fifty day simple moving average of $137.57 and a 200 day simple moving average of $133.80. The stock has a market capitalization of $74.77 billion, a price-to-earnings ratio of 11.09 and a beta of 0.25. 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 released its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts' consensus estimates 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 last year, the firm earned $2.32 earnings per share. The firm's revenue for the quarter 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 disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources's dividend payout ratio (DPR) is presently 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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