Wealthfront Advisers LLC Boosts Stock Position in EOG Resources, Inc. $EOG

Wealthfront Advisers LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 7.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,853 shares of the energy exploration company’s stock after purchasing an additional 3,599 shares during the period. Wealthfront Advisers LLC’s holdings in EOG Resources were worth $7,352,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. SJS Investment Consulting Inc. grew its stake 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. Financial Life Planners purchased a new stake in shares of EOG Resources during the 1st quarter valued at about $30,000. Acumen Wealth Advisors LLC purchased a new stake in shares of EOG Resources during the 4th quarter valued at about $25,000. Prosperity Bancshares Inc bought a new position in shares of EOG Resources in the 4th quarter valued at about $26,000. Finally, Global Assets Advisory LLC bought a new position in shares of EOG Resources in the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $139.80 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The company has a market capitalization of $74.46 billion, a price-to-earnings ratio of 13.76 and a beta of 0.25. The firm’s 50-day moving average is $135.91 and its 200 day moving average is $128.55.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter last year, the firm earned $2.87 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Research analysts predict that EOG Resources, Inc. will post 16.19 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Analyst Upgrades and Downgrades

Several research firms recently commented on EOG. Wall Street Zen upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Williams Trading set a $177.00 price objective on EOG Resources in a research report on Monday, April 20th. Sanford C. Bernstein lowered their price objective on 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. Royal Bank Of Canada lifted their target price on EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Finally, Jefferies Financial Group restated a “buy” rating and set a $175.00 price target (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $155.04.

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.