KPP Advisory Services LLC Purchases Shares of 4,609 EOG Resources, Inc. $EOG

KPP Advisory Services LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,609 shares of the energy exploration company’s stock, valued at approximately $666,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EOG. Legal & General Group Plc lifted its stake in shares of EOG Resources by 2.1% during the third quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock valued at $380,562,000 after buying an additional 68,888 shares during the period. Concurrent Investment Advisors LLC grew its stake in EOG Resources by 66.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock worth $2,073,000 after acquiring an additional 7,877 shares during the period. L2 Asset Management LLC raised its holdings in EOG Resources by 69.6% in the 3rd quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock valued at $2,170,000 after acquiring an additional 7,940 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in EOG Resources by 2.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock valued at $123,451,000 after acquiring an additional 24,984 shares during the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co lifted its stake in shares of EOG Resources by 39.2% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock worth $9,136,000 after purchasing an additional 24,500 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EOG. The Goldman Sachs Group decreased their price objective on EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday. Scotiabank raised their price target on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Roth Mkm restated a “neutral” rating and issued a $136.00 price target on shares of EOG Resources in a report on Wednesday, May 6th. Wells Fargo & Company set a $196.00 price objective on shares of EOG Resources and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Williams Trading set a $177.00 price objective on shares of EOG Resources in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and an average price target of $155.25.

EOG Resources Trading Up 1.7%

Shares of EOG stock opened at $130.81 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The firm’s 50 day moving average price is $135.75 and its two-hundred day moving average price is $126.24. The stock has a market cap of $69.67 billion, a price-to-earnings ratio of 12.87 and a beta of 0.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.87 earnings per share. On average, analysts anticipate that EOG Resources, Inc. will post 16.31 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. Investors of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

EOG Resources Company 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.