Simplicity Wealth LLC Takes Position in EOG Resources, Inc. $EOG

Simplicity Wealth LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,116 shares of the energy exploration company’s stock, valued at approximately $664,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in EOG Resources by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after acquiring an additional 446,341 shares in the last quarter. State Street Corp grew its stake in EOG Resources by 0.3% in the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock valued at $3,209,365,000 after buying an additional 100,080 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in EOG Resources by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after buying an additional 371,548 shares in the last quarter. Geode Capital Management LLC grew its holdings in EOG Resources by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock valued at $1,364,309,000 after buying an additional 95,260 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in EOG Resources by 1.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,507,760 shares of the energy exploration company’s stock worth $683,382,000 after buying an additional 122,112 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Up 2.3%

Shares of EOG stock opened at $145.95 on Tuesday. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The stock’s fifty day moving average price is $137.69 and its two-hundred day moving average price is $134.06. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The company has a market cap of $76.56 billion, a PE ratio of 11.36 and a beta of 0.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.EOG Resources’s revenue was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.32 EPS. Equities analysts predict that EOG Resources, Inc. will post 16.43 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.8%. EOG Resources’s payout ratio is presently 31.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Mizuho set a $157.00 target price on EOG Resources and gave the stock a “neutral” rating in a report on Wednesday, May 27th. The Goldman Sachs Group lowered their price target on shares of EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Williams Trading set a $177.00 price objective on shares of EOG Resources in a research note on Monday, April 20th. Raymond James Financial reissued a “strong-buy” rating and issued a $183.00 price objective on shares of EOG Resources in a report on Monday, August 3rd. Finally, Zacks Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus price target of $156.00.

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.