EOG Resources, Inc. $EOG Shares Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.2% in the second quarter, HoldingsChannel.com reports. The fund owned 42,445 shares of the energy exploration company’s stock after buying an additional 1,335 shares during the quarter. Prospera Financial Services Inc’s holdings in EOG Resources were worth $5,077,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Penserra Capital Management LLC lifted its stake in EOG Resources by 73.9% in the 1st quarter. Penserra Capital Management LLC now owns 2,561 shares of the energy exploration company’s stock valued at $328,000 after buying an additional 1,088 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of EOG Resources by 2.3% in the first quarter. Cerity Partners LLC now owns 124,578 shares of the energy exploration company’s stock worth $15,976,000 after acquiring an additional 2,859 shares during the last quarter. Xponance Inc. raised its holdings in shares of EOG Resources by 0.5% in the first quarter. Xponance Inc. now owns 74,532 shares of the energy exploration company’s stock worth $9,558,000 after acquiring an additional 404 shares during the last quarter. Fortem Financial Group LLC lifted its position in shares of EOG Resources by 17.5% in the first quarter. Fortem Financial Group LLC now owns 10,850 shares of the energy exploration company’s stock valued at $1,391,000 after acquiring an additional 1,616 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management boosted its stake in shares of EOG Resources by 1.7% during the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 21,105 shares of the energy exploration company’s stock valued at $2,707,000 after acquiring an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EOG. Morgan Stanley cut their target price on shares of EOG Resources from $141.00 to $136.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th. Mizuho lowered their price target on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Wells Fargo & Company cut their price objective on shares of EOG Resources from $149.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, October 17th. Argus lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $130.00 target price on shares of EOG Resources in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus target price of $140.76.

EOG Resources Trading Up 0.2%

Shares of EOG stock opened at $105.19 on Friday. The firm’s 50-day simple moving average is $112.35 and its 200-day simple moving average is $115.60. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The firm has a market cap of $57.44 billion, a P/E ratio of 10.22, a PEG ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. The firm had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. EOG Resources’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.89 earnings per share. As a group, equities analysts forecast 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. Stockholders 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 dividend yield of 3.9%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio is presently 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.