Laurel Wealth Advisors LLC Buys 56,933 Shares of EOG Resources, Inc. $EOG

Laurel Wealth Advisors LLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 11,861.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,413 shares of the energy exploration company’s stock after buying an additional 56,933 shares during the period. Laurel Wealth Advisors LLC’s holdings in EOG Resources were worth $6,867,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC bought a new position in EOG Resources during the 1st quarter worth approximately $451,908,000. Charles Schwab Investment Management Inc. boosted its position in shares of EOG Resources by 6.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after purchasing an additional 1,188,552 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of EOG Resources by 282.3% in the 2nd quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock valued at $184,924,000 after buying an additional 1,141,680 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of EOG Resources in the 1st quarter valued at $81,752,000. Finally, LSV Asset Management increased its position in shares of EOG Resources by 290.5% in the 1st quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock valued at $88,158,000 after buying an additional 511,418 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 0.8%

NYSE:EOG opened at $106.27 on Thursday. The stock has a 50-day simple moving average of $109.14 and a 200 day simple moving average of $115.30. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a market cap of $57.66 billion, a PE ratio of 10.33, a PEG ratio of 8.20 and a beta of 0.72. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $5.85 billion during 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%.The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.89 EPS. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.8%. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

Wall Street Analyst Weigh In

Several research firms have weighed in on EOG. Jefferies Financial Group set a $145.00 target price on EOG Resources in a report on Sunday, October 12th. Wells Fargo & Company dropped their price target on EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Melius initiated coverage on EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective on the stock. Melius Research initiated coverage on EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price for the company. Finally, Roth Capital dropped their target price on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.