Sequoia Financial Advisors LLC Acquires 7,567 Shares of EOG Resources, Inc. $EOG

Sequoia Financial Advisors LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 49.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,820 shares of the energy exploration company’s stock after purchasing an additional 7,567 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in EOG Resources were worth $3,299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Hardy Reed LLC grew its stake in shares of EOG Resources by 3.8% during the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock valued at $325,000 after buying an additional 82 shares during the last quarter. Fulton Bank N.A. lifted its stake in shares of EOG Resources by 2.1% in the 1st quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock valued at $662,000 after acquiring an additional 93 shares during the last quarter. Ethos Financial Group LLC lifted its stake in shares of EOG Resources by 2.5% in the 4th quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock valued at $439,000 after acquiring an additional 100 shares during the last quarter. Sumitomo Life Insurance Co. boosted its holdings in EOG Resources by 0.4% during the 4th quarter. Sumitomo Life Insurance Co. now owns 22,784 shares of the energy exploration company’s stock valued at $2,393,000 after acquiring an additional 102 shares during the period. Finally, Intrua Financial LLC boosted its holdings in EOG Resources by 2.2% during the 1st quarter. Intrua Financial LLC now owns 4,918 shares of the energy exploration company’s stock valued at $711,000 after acquiring an additional 105 shares during the period. 89.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent research reports. Susquehanna raised their price target on EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a research report on Tuesday, April 21st. Capital One Financial lowered their price objective on EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Jefferies Financial Group reissued a “buy” rating and set a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Williams Trading set a $177.00 target price on shares of EOG Resources in a report on Monday, April 20th. Finally, Wolfe Research lifted their target price on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat, EOG Resources has an average rating of “Moderate Buy” and an average price target of $155.04.

EOG Resources Trading Up 4.0%

Shares of EOG opened at $139.50 on Tuesday. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $135.56 and its 200-day moving average price is $127.75. The firm has a market capitalization of $74.30 billion, a price-to-earnings ratio of 13.73 and a beta of 0.25.

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

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio is 40.16%.

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.