F m Investments LLC Has $2.79 Million Position in EOG Resources, Inc. $EOG

F m Investments LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 3.1% in the second quarter, Holdings Channel reports. The institutional investor owned 23,301 shares of the energy exploration company’s stock after buying an additional 709 shares during the period. F m Investments LLC’s holdings in EOG Resources were worth $2,787,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EOG. Banque Cantonale Vaudoise acquired a new position in EOG Resources during the 1st quarter worth approximately $26,000. Saudi Central Bank bought a new stake in shares of EOG Resources in the first quarter worth $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in EOG Resources during the second quarter worth $29,000. Finally, WPG Advisers LLC bought a new position in EOG Resources in the first quarter valued at $36,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 1.3%

Shares of NYSE:EOG opened at $107.58 on Friday. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The company has a market capitalization of $58.37 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. The company has a 50-day simple moving average of $108.74 and a 200 day simple moving average of $115.19.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the prior year, the company earned $2.89 earnings per share. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.8%. EOG Resources’s dividend payout ratio (DPR) is currently 40.64%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EOG. BMO Capital Markets lowered their price target on shares of EOG Resources from $134.00 to $130.00 in a research note on Tuesday, November 11th. Sanford C. Bernstein lowered their target price on EOG Resources from $146.00 to $144.00 and set a “market perform” rating on the stock in a research report on Friday, November 21st. Morgan Stanley lifted their target price on EOG Resources from $136.00 to $138.00 and gave the company an “equal weight” rating in a research report on Thursday, November 20th. The Goldman Sachs Group reduced their price target on EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Finally, Roth Capital decreased their price target on EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $140.33.

EOG Resources Company Profile

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.