OneDigital Investment Advisors LLC Makes New $1.49 Million Investment in EOG Resources, Inc. $EOG

OneDigital Investment Advisors LLC purchased a new stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,475 shares of the energy exploration company’s stock, valued at approximately $1,489,000.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of EOG Resources by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock valued at $5,651,172,000 after purchasing an additional 446,341 shares during the period. State Street Corp grew its stake in shares of EOG Resources by 0.3% in the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock valued at $3,209,365,000 after buying an additional 100,080 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of EOG Resources by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after buying an additional 371,548 shares during the period. Geode Capital Management LLC increased its position in EOG Resources by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock valued at $1,364,309,000 after buying an additional 95,260 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in EOG Resources by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,507,760 shares of the energy exploration company’s stock valued at $683,382,000 after buying an additional 122,112 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of EOG Resources in a report on Friday, August 7th. The Goldman Sachs Group decreased their price objective on EOG Resources from $139.00 to $129.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. DA Davidson upped their target price on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Williams Trading set a $177.00 target price on EOG Resources in a report on Monday, April 20th. Finally, Wall Street Zen downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and an average target price of $156.00.

EOG Resources Price Performance

EOG stock opened at $145.95 on Tuesday. The company has a market capitalization of $76.56 billion, a P/E ratio of 11.36 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The business has a 50-day simple moving average of $137.69 and a two-hundred day simple moving average of $134.06.

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

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

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.