Empower Advisory Group LLC Grows Stock Holdings in EOG Resources, Inc. $EOG

Empower Advisory Group LLC boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 5.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 454,217 shares of the energy exploration company’s stock after acquiring an additional 22,671 shares during the period. Empower Advisory Group LLC owned 0.08% of EOG Resources worth $54,329,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EOG. Fiera Capital Corp raised its stake in shares of EOG Resources by 14.0% during the second quarter. Fiera Capital Corp now owns 56,861 shares of the energy exploration company’s stock worth $6,801,000 after purchasing an additional 7,000 shares during the last quarter. W.H. Cornerstone Investments Inc. increased its stake in EOG Resources by 18.3% in the 2nd quarter. W.H. Cornerstone Investments Inc. now owns 10,391 shares of the energy exploration company’s stock valued at $1,243,000 after buying an additional 1,609 shares during the period. MV Capital Management Inc. raised its position in EOG Resources by 68.6% during the 2nd quarter. MV Capital Management Inc. now owns 821 shares of the energy exploration company’s stock worth $98,000 after buying an additional 334 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of EOG Resources by 2.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 83,696 shares of the energy exploration company’s stock worth $10,011,000 after acquiring an additional 2,379 shares during the period. Finally, Bailard Inc. lifted its stake in shares of EOG Resources by 1.1% in the 2nd quarter. Bailard Inc. now owns 22,378 shares of the energy exploration company’s stock worth $2,677,000 after acquiring an additional 233 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

EOG opened at $110.31 on Friday. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The stock has a market cap of $59.85 billion, a P/E ratio of 10.72, a P/E/G ratio of 8.20 and a beta of 0.72. The stock’s 50 day simple moving average is $111.01 and its 200 day simple moving average is $115.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.EOG Resources’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.89 earnings per share. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.7%. EOG Resources’s payout ratio is currently 40.64%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Evercore ISI boosted their price target on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. dropped their target price on EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. BMO Capital Markets cut their target price on EOG Resources from $134.00 to $130.00 in a research note on Tuesday, November 11th. Melius Research initiated coverage on EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price target for the company. Finally, Morgan Stanley dropped their price objective on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $140.31.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.