Mariner Wealth Advisors LLC Acquires 2,672 Shares of EOG Resources, Inc. (EOG)
Mariner Wealth Advisors LLC increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 11.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,784 shares of the energy exploration company’s stock after acquiring an additional 2,672 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in EOG Resources were worth $2,334,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. IHT Wealth Management LLC grew its stake in EOG Resources by 4.1% during the first quarter. IHT Wealth Management LLC now owns 1,039 shares of the energy exploration company’s stock worth $101,000 after buying an additional 41 shares in the last quarter. Winfield Associates Inc. grew its stake in EOG Resources by 1.7% during the second quarter. Winfield Associates Inc. now owns 1,151 shares of the energy exploration company’s stock worth $103,000 after buying an additional 19 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in EOG Resources by 60.0% during the first quarter. Chicago Partners Investment Group LLC now owns 1,069 shares of the energy exploration company’s stock worth $104,000 after buying an additional 401 shares in the last quarter. Advantage Investment Management LLC grew its stake in EOG Resources by 16.6% during the first quarter. Advantage Investment Management LLC now owns 1,080 shares of the energy exploration company’s stock worth $105,000 after buying an additional 154 shares in the last quarter. Finally, Exane Derivatives grew its stake in EOG Resources by 19.8% during the second quarter. Exane Derivatives now owns 1,160 shares of the energy exploration company’s stock worth $105,000 after buying an additional 192 shares in the last quarter. 85.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of EOG Resources, Inc. (NYSE EOG) traded up 0.70% during mid-day trading on Friday, reaching $94.55. 2,290,433 shares of the company’s stock were exchanged. EOG Resources, Inc. has a one year low of $81.99 and a one year high of $109.37. The stock has a 50-day moving average of $87.81 and a 200 day moving average of $91.61. The firm’s market capitalization is $54.60 billion.
EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 1st. The energy exploration company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). EOG Resources had a negative return on equity of 0.68% and a negative net margin of 2.88%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the previous year, the business earned ($0.38) EPS. The business’s revenue was up 47.1% compared to the same quarter last year. On average, analysts forecast that EOG Resources, Inc. will post $0.60 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be paid a $0.1675 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Monday, October 16th. EOG Resources’s payout ratio is -131.37%.
In related news, EVP Lloyd W. Helms, Jr. sold 4,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $88.22, for a total value of $352,880.00. Following the completion of the sale, the executive vice president now owns 70,987 shares of the company’s stock, valued at $6,262,473.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.53% of the company’s stock.
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EOG has been the topic of a number of analyst reports. BidaskClub upgraded shares of EOG Resources from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Stifel Nicolaus reiterated a “buy” rating and set a $111.00 price objective on shares of EOG Resources in a research note on Friday, May 26th. Zacks Investment Research upgraded shares of EOG Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Morgan Stanley upgraded shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $97.00 to $106.00 in a research note on Tuesday, September 12th. Finally, Royal Bank Of Canada set a $115.00 price objective on shares of EOG Resources and gave the stock a “hold” rating in a research note on Sunday, July 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $107.54.
EOG Resources Company Profile
EOG Resources, Inc explores for, develops, produces and markets crude oil and natural gas in major producing basins in the United States, The Republic of Trinidad and Tobago, the United Kingdom, The People’s Republic of China, Canada and, from time to time, select other international areas. Its operations are all crude oil and natural gas exploration and production related.
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