Pekin Hardy Strauss Inc. Sells 1,681 Shares of EOG Resources, Inc. $EOG

Pekin Hardy Strauss Inc. lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,705 shares of the energy exploration company’s stock after selling 1,681 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in EOG Resources were worth $2,357,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Nuveen LLC acquired a new stake in EOG Resources in the first quarter worth $451,908,000. Charles Schwab Investment Management Inc. boosted its position in shares of EOG Resources by 6.5% during the 1st 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. Jacobs Levy Equity Management Inc. acquired a new stake in shares of EOG Resources in the 1st quarter valued at about $81,752,000. LSV Asset Management increased its position in 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. Finally, Jupiter Asset Management Ltd. acquired a new position in EOG Resources during the 1st quarter worth approximately $52,273,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of EOG opened at $105.00 on Friday. The stock has a 50 day moving average of $112.75 and a 200 day moving average of $115.59. The company has a market capitalization of $57.33 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.89 EPS. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.9%. EOG Resources’s dividend payout ratio (DPR) is presently 39.65%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on EOG shares. Wolfe Research lowered their target price on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Argus lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Susquehanna boosted their target price on shares of EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Raymond James Financial raised their price target on shares of EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 22nd. Finally, KeyCorp cut their price target on EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, EOG Resources has a consensus rating of “Hold” and an average target price of $140.76.

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.