Pin Oak Investment Advisors Inc. Makes New $2.64 Million Investment in EOG Resources, Inc. $EOG

Key Points

• Pin Oak Investment Advisors purchased 20,382 EOG Resources shares valued at approximately $2.64 million, making EOG its 15th-largest holding and representing about 1.4% of its portfolio. Institutional investors own 89.91% of EOG’s outstanding shares.
• EOG reported quarterly earnings of $5.07 per share, exceeding estimates of $4.97, while revenue reached $8.62 billion and rose 57.4% year over year. Analysts expect full-year earnings of approximately $16.87 per share.
• EOG declared a quarterly dividend of $1.02, equivalent to an annualized $4.08 and a 2.8% yield. Despite a consensus “Hold” rating and average price target of $156.33, CEO Ezra Y. Yacob sold 35,942 shares worth about $5.47 million.

Pin Oak Investment Advisors Inc. purchased a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 20,382 shares of the energy exploration company's stock, valued at approximately $2,644,000. EOG Resources comprises approximately 1.4% of Pin Oak Investment Advisors Inc.'s holdings, making the stock its 15th largest position.

Several other institutional investors have also added to or reduced their stakes in the stock. SJS Investment Consulting Inc. raised its holdings in 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. Financial Life Planners bought a new stake in shares of EOG Resources in the 1st quarter valued at $30,000. Acumen Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth $25,000. Wedbush Fund Advisers LLC bought a new position in EOG Resources during the second quarter worth $31,000. Finally, Prosperity Bancshares Inc acquired a new position in EOG Resources in the fourth quarter valued at $26,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

Shares of EOG stock opened at $143.53 on Friday. The firm has a market capitalization of $75.29 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.54 and a beta of 0.25. The firm has a fifty day simple moving average of $140.20 and a two-hundred day simple moving average of $136.19. 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, Inc. has a 12 month low of $101.59 and a 12 month high of $153.67.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business's quarterly revenue was up 57.4% compared to the same quarter last year. During the same period last year, the firm earned $2.32 earnings per share. Analysts forecast that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced 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. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, October 16th. EOG Resources's dividend payout ratio (DPR) is currently 31.75%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on EOG shares. Barclays set a $147.00 price objective on EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, August 17th. Freedom Capital cut EOG Resources from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 5th. Mizuho set a $157.00 price target on EOG Resources and gave the company a "neutral" rating in a research note on Wednesday, May 27th. Wall Street Zen cut EOG Resources from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat, EOG Resources has a consensus rating of "Hold" and an average target price of $156.33.

Insider Buying and Selling at EOG Resources

In related news, CEO Ezra Y. Yacob sold 35,942 shares of EOG Resources stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer owned 242,451 shares of the company's stock, valued at $36,876,797.10. The trade was a 12.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

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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