NewEdge Advisors LLC Purchases 35,382 Shares of EOG Resources, Inc. $EOG

NewEdge Advisors LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 68.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,430 shares of the energy exploration company’s stock after purchasing an additional 35,382 shares during the quarter. NewEdge Advisors LLC’s holdings in EOG Resources were worth $11,342,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SJS Investment Consulting Inc. grew its position in 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 purchasing an additional 124 shares during the period. Financial Life Planners acquired a new position in EOG Resources during the first quarter worth $30,000. Acumen Wealth Advisors LLC bought a new position in shares of EOG Resources in the fourth quarter valued at $25,000. Wedbush Fund Advisers LLC bought a new position in shares of EOG Resources in the second quarter valued at $31,000. Finally, Prosperity Bancshares Inc acquired a new position in shares of EOG Resources during the fourth quarter valued at about $26,000. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EOG. Roth Capital reissued a “neutral” rating and set a $138.00 target price on shares of EOG Resources in a research report on Wednesday, August 5th. Susquehanna reiterated a “positive” rating and set a $170.00 price target (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. UBS Group decreased their price objective on EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Barclays set a $147.00 price objective on EOG Resources and gave the stock an “equal weight” rating in a research note on Monday, August 17th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $157.07.

EOG Resources Trading Down 0.1%

Shares of EOG stock opened at $147.27 on Friday. 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 $77.25 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.55 and a beta of 0.26. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $153.67. The company has a 50-day simple moving average of $143.10 and a two-hundred day simple moving average of $138.10.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. The business had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business’s revenue was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.32 earnings per share. Research analysts anticipate that EOG Resources, Inc. will post 16.89 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, October 16th. EOG Resources’s payout ratio is presently 31.75%.

Insider Buying and Selling at EOG Resources

In related news, CEO Ezra Yacob sold 35,942 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

About EOG Resources

EOG Resources, Inc is an independent exploration and production company focused on finding, developing and producing crude oil, natural gas and natural gas liquids. Its operations are concentrated primarily in the United States, with a portfolio of onshore assets in several major producing regions.

The company’s principal U.S. positions include the Delaware Basin and other areas of the Permian Basin, the Eagle Ford and Dorado plays in South Texas, and the Rocky Mountain region. EOG also has international operations in Trinidad and Tobago, where it produces natural gas and supports related energy development.

EOG traces its history to Enron Oil & Gas Company, which was established in 1990.