Parr Mcknight Wealth Management Group LLC Purchases 4,987 Shares of EOG Resources, Inc. $EOG

Parr Mcknight Wealth Management Group LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 35.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,046 shares of the energy exploration company’s stock after buying an additional 4,987 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in EOG Resources were worth $2,753,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Concurrent Investment Advisors LLC increased its stake in EOG Resources by 66.4% during 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 lifted its position in shares of EOG Resources by 69.6% during 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 period. Ilmarinen Mutual Pension Insurance Co grew its holdings 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of EOG Resources by 2.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock worth $123,451,000 after purchasing an additional 24,984 shares in the last quarter. Finally, Cumberland Partners Ltd increased its position in shares of EOG Resources by 432.0% in the fourth quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock worth $1,625,000 after purchasing an additional 12,562 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on EOG shares. Barclays boosted their price target on EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Stephens decreased their target price on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Capital One Financial cut their price target on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Finally, Sanford C. Bernstein reduced their price target on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Moderate Buy” and an average price target of $155.04.

EOG Resources Stock Down 0.1%

Shares of NYSE:EOG opened at $134.03 on Monday. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The company has a market capitalization of $71.39 billion, a PE ratio of 13.19 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The company has a fifty day moving average of $135.59 and a 200-day moving average of $127.50.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.EOG Resources’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the business posted $2.87 EPS. On average, equities analysts predict that EOG Resources, Inc. will post 16.19 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders 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 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s payout ratio is 40.16%.

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.