Chicago Partners Investment Group LLC Takes $626,000 Position in EOG Resources, Inc. $EOG

Chicago Partners Investment Group LLC bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the first quarter, Holdings Channel reports. The fund bought 4,707 shares of the energy exploration company’s stock, valued at approximately $626,000.

A number of other institutional investors have also recently added to or reduced their stakes in EOG. SJS Investment Consulting Inc. raised its position in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 124 shares during the period. Financial Life Planners purchased a new position in EOG Resources in the first quarter valued at $30,000. Acumen Wealth Advisors LLC acquired a new position in EOG Resources during the 4th quarter worth $25,000. Prosperity Bancshares Inc purchased a new position in EOG Resources in the fourth quarter worth approximately $26,000. Finally, Global Assets Advisory LLC acquired a new position in shares of EOG Resources during the 1st quarter worth about $37,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 1.0%

NYSE EOG opened at $139.80 on Friday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The firm has a market capitalization of $74.46 billion, a price-to-earnings ratio of 13.76 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The company’s 50 day moving average price is $135.91 and its 200 day moving average price is $128.55.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 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 business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the company posted $2.87 earnings per share. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, sell-side analysts predict that EOG Resources, Inc. will post 16.19 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Raymond James Financial cut their price target on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a research note on Monday, June 22nd. Mizuho set a $157.00 price objective on EOG Resources and gave the company a “neutral” rating in a research note on Wednesday, May 27th. BMO Capital Markets boosted their target price on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Truist Financial dropped their price target on shares of EOG Resources from $149.00 to $134.00 and set a “hold” rating on the stock in a research note on Wednesday, July 1st. Finally, UBS Group cut their price target on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $155.04.

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.