EverSource Wealth Advisors LLC Purchases 4,561 Shares of EOG Resources, Inc. $EOG

EverSource Wealth Advisors LLC boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 61.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,953 shares of the energy exploration company’s stock after acquiring an additional 4,561 shares during the period. EverSource Wealth Advisors LLC’s holdings in EOG Resources were worth $1,728,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. Acumen Wealth Advisors LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth $25,000. Prosperity Bancshares Inc purchased a new position in EOG Resources during the fourth quarter worth about $26,000. SJS Investment Consulting Inc. grew its position in EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after buying an additional 124 shares in the last quarter. Nemes Rush Group LLC purchased a new position in EOG Resources during the fourth quarter worth about $30,000. Finally, Gen Wealth Partners Inc bought a new position in EOG Resources in the 4th quarter worth about $30,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG stock opened at $145.56 on Friday. The firm has a market cap of $77.53 billion, a P/E ratio of 14.33 and a beta of 0.25. The firm’s fifty day moving average is $136.81 and its 200 day moving average is $131.15. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the firm posted $2.87 earnings per share. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Research analysts predict that EOG Resources, Inc. will post 16.16 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is 40.16%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EOG shares. Sanford C. Bernstein lowered their price target on EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. JPMorgan Chase & Co. cut their price objective on EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Zacks Research cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Raymond James Financial lowered their target price 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. Finally, Roth Capital reiterated a “neutral” rating and set a $136.00 target price on shares of EOG Resources in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.32.

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.