Perigon Wealth Management LLC Acquires Shares of 3,757 EOG Resources, Inc. $EOG

Perigon Wealth Management LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the second quarter, Holdings Channel.com reports. The firm bought 3,757 shares of the energy exploration company’s stock, valued at approximately $487,000.

Other large investors have also recently modified their holdings of the company. Ilmarinen Mutual Pension Insurance Co grew its holdings in EOG Resources by 39.2% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock valued at $9,136,000 after buying an additional 24,500 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of EOG Resources by 66.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock worth $2,073,000 after buying an additional 7,877 shares in the last quarter. Cumberland Partners Ltd lifted its holdings in shares of EOG Resources by 432.0% in the fourth quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock worth $1,625,000 after buying an additional 12,562 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of EOG Resources by 2.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock valued at $123,451,000 after acquiring an additional 24,984 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of EOG Resources by 8.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company’s stock valued at $32,541,000 after acquiring an additional 24,960 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG opened at $149.54 on Thursday. The company has a market capitalization of $78.44 billion, a price-to-earnings ratio of 11.64 and a beta of 0.25. The business has a 50 day moving average of $138.10 and a 200 day moving average of $134.59. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87.

EOG Resources (NYSE:EOG) last issued 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. The business had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period last year, the business earned $2.32 earnings per share. On average, sell-side analysts predict that EOG Resources, Inc. will post 16.43 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 issued 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 2.7%. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

Analysts Set New Price Targets

A number of analysts recently weighed in on EOG shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of EOG Resources in a report on Friday, August 7th. Wells Fargo & Company reissued an “overweight” rating and issued a $193.00 price target (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. Jefferies Financial Group reissued a “buy” rating and issued a $175.00 price target (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. Susquehanna restated a “positive” rating and set a $170.00 price target (up from $166.00) on shares of EOG Resources in a research report on Tuesday, July 21st. Finally, Wall Street Zen downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $155.41.

EOG Resources 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.