West Family Investments Inc. Buys Shares of 7,000 EOG Resources, Inc. $EOG

Key Points

• West Family Investments initiated a position in EOG Resources by purchasing 7,000 shares valued at approximately $908,000. Institutional investors and hedge funds collectively own 89.91% of the company.
• EOG reported quarterly earnings of $5.07 per share, exceeding estimates, while revenue rose 57.4% year over year to $8.62 billion. The stock recently traded at $149.54, near its 52-week high.
• EOG declared a quarterly dividend of $1.02 per share, equivalent to a $4.08 annualized payout and a 2.7% yield. Analysts remain divided, with a consensus “Hold” rating and an average price target of $155.41.

West Family Investments Inc. bought 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 13F filing with the Securities & Exchange Commission. The firm bought 7,000 shares of the energy exploration company's stock, valued at approximately $908,000.

Other institutional investors also recently modified their holdings of the company. SJS Investment Consulting Inc. raised 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 valued at $26,000 after acquiring an additional 124 shares during the period. Financial Life Planners bought a new position in EOG Resources during the 1st quarter worth approximately $30,000. Acumen Wealth Advisors LLC bought a new position in EOG Resources during the 4th quarter worth approximately $25,000. Prosperity Bancshares Inc acquired a new position in EOG Resources during the fourth quarter valued at approximately $26,000. Finally, Global Assets Advisory LLC acquired a new position in EOG Resources during the first quarter valued at approximately $37,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 0.6%

EOG stock opened at $149.54 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The stock has a market capitalization of $78.44 billion, a P/E ratio of 11.64 and a beta of 0.25. The business has a 50-day moving average of $138.10 and a 200-day moving average of $134.59. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same quarter last year, the firm earned $2.32 EPS. EOG Resources's revenue for the quarter was up 57.4% compared to the same quarter last year. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 16.43 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources's dividend payout ratio (DPR) is currently 31.75%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Raymond James Financial reiterated a "strong-buy" rating and issued a $183.00 target price on shares of EOG Resources in a report on Monday, August 3rd. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $148.00 to $142.00 and set a "neutral" rating for the company in a report on Tuesday, June 30th. UBS Group lowered their price objective on shares of EOG Resources from $168.00 to $158.00 and set a "buy" rating for the company in a research report on Thursday, July 2nd. Scotiabank raised their price objective on EOG Resources from $123.00 to $139.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 22nd. Finally, Barclays set a $147.00 price objective on EOG Resources and gave the stock an "equal weight" rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $155.41.

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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