Jones Financial Companies Lllp Buys 20,704 Shares of EOG Resources, Inc. $EOG

Jones Financial Companies Lllp lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 404,859 shares of the energy exploration company’s stock after acquiring an additional 20,704 shares during the period. Jones Financial Companies Lllp owned 0.08% of EOG Resources worth $53,679,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EOG. SJS Investment Consulting Inc. raised its stake 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 worth $26,000 after acquiring an additional 124 shares in the last quarter. Financial Life Planners acquired a new stake in EOG Resources in the first quarter valued at approximately $30,000. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at about $25,000. Prosperity Bancshares Inc acquired a new position in shares of EOG Resources during the fourth quarter valued at about $26,000. Finally, Global Assets Advisory LLC purchased a new position in shares of EOG Resources in the 1st quarter valued at approximately $37,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $150.18 on Tuesday. The stock has a market capitalization of $78.77 billion, a P/E ratio of 11.69, a PEG ratio of 0.57 and a beta of 0.25. The business has a 50 day simple moving average of $139.11 and a two-hundred day simple moving average of $135.47. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $153.67. 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 (NYSE:EOG) last issued its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business’s revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.32 earnings per share. As a group, analysts predict that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio is presently 31.75%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Susquehanna reaffirmed a “positive” rating and issued a $170.00 price target (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. Mizuho set a $157.00 target price on EOG Resources and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Morgan Stanley set a $157.00 price target on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. Sanford C. Bernstein decreased their price objective on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, May 20th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $193.00 price objective (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $156.22.

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.