PFG Advisors Raises Stake in EOG Resources, Inc. $EOG

PFG Advisors lifted its position in EOG Resources, Inc. (NYSE:EOG) by 25.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,326 shares of the energy exploration company’s stock after purchasing an additional 3,962 shares during the quarter. PFG Advisors’ holdings in EOG Resources were worth $2,312,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kiker Wealth Management LLC acquired a new position in shares of EOG Resources in the second quarter worth $627,000. Vanguard Personalized Indexing Management LLC raised its holdings in EOG Resources by 9.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock valued at $7,386,000 after acquiring an additional 5,156 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in EOG Resources by 30.1% in the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after buying an additional 45,295 shares during the last quarter. Jump Financial LLC acquired a new position in shares of EOG Resources during the 1st quarter worth about $2,796,000. Finally, FORA Capital LLC purchased a new position in shares of EOG Resources in the 1st quarter valued at about $472,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on EOG. The Goldman Sachs Group dropped their price target on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. Morgan Stanley cut their price target on shares of EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a research report on Wednesday, October 8th. Melius Research started 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. Finally, UBS Group lifted their target price on EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $140.76.

EOG Resources Stock Up 0.2%

EOG opened at $105.19 on Monday. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The business has a 50 day moving average price of $112.35 and a two-hundred day moving average price of $115.62. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The company has a market cap of $57.44 billion, a PE ratio of 10.22, a P/E/G ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The company had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the business posted $2.89 EPS. The company’s revenue was down 2.0% on a year-over-year basis. As a group, research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is currently 40.64%.

About EOG Resources

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.