Smart Money Group LLC Acquires 1,406 Shares of EOG Resources, Inc. $EOG

Smart Money Group LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 21.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,078 shares of the energy exploration company’s stock after purchasing an additional 1,406 shares during the period. Smart Money Group LLC’s holdings in EOG Resources were worth $966,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EOG. Banque Cantonale Vaudoise bought a new position in shares of EOG Resources during the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd lifted its position in shares of EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 219 shares during the period. Saudi Central Bank acquired a new position in shares of EOG Resources during the 1st quarter valued at $28,000. Raleigh Capital Management Inc. bought a new position in EOG Resources during the second quarter worth $29,000. Finally, ORG Partners LLC grew its holdings in EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Down 0.2%

Shares of EOG Resources stock opened at $105.00 on Friday. The company has a market capitalization of $57.33 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. The stock has a fifty day simple moving average of $112.75 and a 200 day simple moving average of $115.59. 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 posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm earned $2.89 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EOG shares. KeyCorp dropped their price objective on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. Siebert Williams Shank dropped their price target on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Jefferies Financial Group set a $145.00 price objective on EOG Resources in a research note on Sunday, October 12th. JPMorgan Chase & Co. decreased their price objective on EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Finally, Mizuho cut their target price on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $140.76.

EOG Resources Company Profile

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.