S&CO Inc. Buys Shares of 10,865 EOG Resources, Inc. $EOG

Key Points

• S&CO Inc. acquired 10,865 shares of EOG Resources during the second quarter, valued at approximately $1.4 million. Institutional investors and hedge funds collectively own 89.91% of EOG’s outstanding stock.
• Analysts maintain a consensus “Hold” rating on EOG, with an average price target of $156.21. Recent targets range from $138 to $177, while the stock recently traded at $142.55.
• EOG exceeded quarterly earnings and revenue expectations, reporting $5.07 in EPS and $8.62 billion in revenue, while announcing a quarterly dividend of $1.02 per share, equivalent to a 2.9% annualized yield.

S&CO Inc. bought a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,865 shares of the energy exploration company's stock, valued at approximately $1,409,000.

Several other institutional investors also recently modified their holdings of EOG. Acumen Wealth Advisors LLC acquired a new position in EOG Resources in the fourth quarter valued at approximately $25,000. Prosperity Bancshares Inc acquired a new stake in EOG Resources during the 4th quarter worth $26,000. SJS Investment Consulting Inc. grew 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 acquiring an additional 124 shares during the period. Nemes Rush Group LLC bought a new stake in shares of EOG Resources during the 4th quarter valued at $30,000. Finally, Gen Wealth Partners Inc bought a new stake in shares of EOG Resources during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EOG. Roth Capital restated a "neutral" rating and issued a $138.00 price target on shares of EOG Resources in a research report on Wednesday, August 5th. Mizuho set a $157.00 price objective on EOG Resources and gave the company a "neutral" rating in a report on Wednesday, May 27th. Williams Trading set a $177.00 target price on EOG Resources in a research note on Monday, April 20th. Barclays increased their target price on EOG Resources from $140.00 to $153.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 26th. Finally, Jefferies Financial Group restated a "buy" rating and set a $175.00 target price (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $156.21.

EOG Resources Price Performance

EOG stock opened at $142.55 on Friday. The stock has a 50-day moving average price of $137.57 and a two-hundred day moving average price of $133.62. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The stock has a market cap of $74.77 billion, a PE 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 EPS for the quarter, beating the consensus estimate of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The firm had revenue of $8.62 billion for the quarter, compared to analysts' expectations of $8.04 billion. During the same quarter in the previous year, the business posted $2.32 EPS. The business's quarterly revenue was up 57.4% compared to the same quarter last year. Equities analysts forecast that EOG Resources, Inc. will post 16.43 EPS for the current fiscal year.

EOG Resources Announces Dividend

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