Plato Investment Management Ltd Invests $1.84 Million in EOG Resources, Inc. $EOG

Plato Investment Management Ltd purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 14,298 shares of the energy exploration company’s stock, valued at approximately $1,844,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EOG. Acumen Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the 4th quarter worth $25,000. SJS Investment Consulting Inc. increased its stake in shares of EOG Resources by 225.5% during the first 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. Prosperity Bancshares Inc purchased a new position in EOG Resources during the fourth quarter worth about $26,000. Nemes Rush Group LLC purchased a new position in EOG Resources during the fourth quarter worth about $30,000. Finally, Financial Life Planners acquired a new stake in EOG Resources in the first quarter valued at about $30,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

NYSE EOG opened at $145.95 on Tuesday. The business has a 50 day moving average price of $137.69 and a 200 day moving average price of $134.06. The company has a market capitalization of $76.56 billion, a P/E ratio of 11.36 and a beta of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.EOG Resources’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.32 earnings per share. Sell-side analysts expect that EOG Resources, Inc. will post 16.43 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. EOG Resources’s payout ratio is currently 31.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Scotiabank lifted their price objective on EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Roth Capital reissued a “neutral” rating and set a $138.00 target price on shares of EOG Resources in a research note on Wednesday, August 5th. Morgan Stanley reduced their price target on EOG Resources from $160.00 to $156.00 and set an “equal weight” rating for the company in a report on Friday, June 26th. Capital One Financial decreased their price target on EOG Resources from $161.00 to $159.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $183.00 price objective on shares of EOG Resources in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $156.00.

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.