United Capital Financial Advisors LLC Takes $2.87 Million Position in EOG Resources, Inc. $EOG

United Capital Financial Advisors LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, Holdings Channel reports. The firm acquired 22,120 shares of the energy exploration company’s stock, valued at approximately $2,870,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acumen Wealth Advisors LLC bought a new position in EOG Resources in the fourth quarter worth approximately $25,000. Prosperity Bancshares Inc purchased a new position in shares of EOG Resources during the 4th quarter worth $26,000. SJS Investment Consulting Inc. grew its position in shares of EOG Resources by 225.5% during 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. 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 purchased a new stake in shares of EOG Resources in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen cut EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Citigroup reissued a “neutral” rating and set a $150.00 price target (up from $141.00) on shares of EOG Resources in a report on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of EOG Resources in a research note on Friday, August 7th. Zacks Research downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $193.00 price objective (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $156.33.

EOG Resources Trading Down 0.7%

Shares of EOG Resources stock opened at $143.53 on Friday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $153.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The company has a market capitalization of $75.29 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.54 and a beta of 0.25. The company has a fifty day moving average of $140.20 and a 200 day moving average of $136.19.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results 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. 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 analysts’ expectations of $8.04 billion. During the same period last year, the firm earned $2.32 earnings per share. The business’s quarterly revenue was up 57.4% on a year-over-year basis. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors 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 yield of 2.8%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is 31.75%.

Insider Transactions at EOG Resources

In related news, CEO Ezra Y. Yacob sold 35,942 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

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.