Meeder Advisory Services Inc. Takes $1.95 Million Position in EOG Resources, Inc. $EOG

Meeder Advisory Services Inc. purchased a new position in EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,050 shares of the energy exploration company’s stock, valued at approximately $1,952,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new stake in EOG Resources during the 2nd quarter valued at about $628,000. Citizens Financial Group Inc. RI purchased a new position in shares of EOG Resources during the second quarter worth approximately $2,122,000. Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of EOG Resources during the second quarter valued at approximately $238,000. Grandfield & Dodd LLC purchased a new stake in shares of EOG Resources in the second quarter valued at approximately $400,000. Finally, Argyle Capital Partners LLC purchased a new stake in shares of EOG Resources in the second quarter valued at approximately $632,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on EOG shares. UBS Group dropped their price objective on EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Wall Street Zen cut EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Wells Fargo & Company reiterated an “overweight” rating and issued a $193.00 target price (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. Freedom Capital downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Stephens cut their price target on EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $156.00.

EOG Resources Trading Up 1.7%

Shares of NYSE:EOG opened at $148.68 on Wednesday. The company has a market capitalization of $77.99 billion, a PE ratio of 11.57 and a beta of 0.25. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The business’s fifty day simple moving average is $137.92 and its 200-day simple moving average is $134.33.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping 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 firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same period in the prior year, the business posted $2.32 EPS. The firm’s quarterly revenue was up 57.4% on a year-over-year basis. As a group, equities research analysts predict that EOG Resources, Inc. will post 16.43 earnings per share 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 issued a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.7%. EOG Resources’s payout ratio is currently 31.75%.

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.