Revolve Wealth Partners LLC Takes $1.12 Million Position in EOG Resources, Inc. $EOG

Key Points

• Revolve Wealth Partners acquired 8,616 shares of EOG Resources during the second quarter, valued at approximately $1.12 million. Institutional investors and hedge funds collectively own 89.91% of the company.
• EOG shares were trading at $142.05, up 5.4%, after the company reported quarterly earnings of $5.07 per share and revenue of $8.62 billion—both above analyst expectations. Revenue increased 57.4% year over year.
• EOG declared a quarterly dividend of $1.02 per share, equivalent to an annualized $4.08 payout and a 2.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $156.32.

Revolve Wealth Partners LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,616 shares of the energy exploration company's stock, valued at approximately $1,118,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Acumen Wealth Advisors LLC purchased a new position in shares of EOG Resources in the fourth quarter valued at $25,000. Prosperity Bancshares Inc purchased a new stake in shares of EOG Resources in the 4th quarter worth about $26,000. SJS Investment Consulting Inc. boosted its position in shares of EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company's stock worth $26,000 after buying an additional 124 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in EOG Resources in the 4th quarter valued at about $30,000. Finally, Gen Wealth Partners Inc acquired a new stake in EOG Resources in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Stock Up 5.4%

Shares of NYSE:EOG opened at $142.05 on Tuesday. 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 market cap of $74.51 billion, a price-to-earnings ratio of 11.05 and a beta of 0.25. The stock's 50-day moving average price is $137.34 and its two-hundred day moving average price is $132.81. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company's quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.32 EPS. On average, research analysts forecast that EOG Resources, Inc. will post 16.53 EPS for the current 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 given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources's dividend payout ratio is 31.75%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Truist Financial lifted their target price on shares of EOG Resources from $134.00 to $153.00 and gave the stock a "hold" rating in a research report on Thursday, August 6th. Citigroup lowered their price target on shares of EOG Resources from $147.00 to $141.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 8th. Sanford C. Bernstein dropped their price objective on shares of EOG Resources from $167.00 to $155.00 and set a "market perform" rating for the company in a research note on Wednesday, May 20th. Raymond James Financial restated a "strong-buy" rating and set a $183.00 price objective on shares of EOG Resources in a research report on Monday, August 3rd. Finally, Wall Street Zen lowered EOG Resources from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. One 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $156.32.

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.

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