Laffer Tengler Investments Inc. Decreases Holdings in EOG Resources, Inc. $EOG

Laffer Tengler Investments Inc. trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 14.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,249 shares of the energy exploration company’s stock after selling 8,110 shares during the quarter. Laffer Tengler Investments Inc.’s holdings in EOG Resources were worth $5,771,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vise Technologies Inc. purchased a new position in EOG Resources in the second quarter valued at about $2,672,000. Americana Partners LLC boosted its stake in shares of EOG Resources by 7.6% during the 2nd quarter. Americana Partners LLC now owns 4,007 shares of the energy exploration company’s stock worth $479,000 after purchasing an additional 282 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in EOG Resources by 51.5% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 203,909 shares of the energy exploration company’s stock worth $24,390,000 after acquiring an additional 69,299 shares during the period. Altman Advisors Inc. increased its stake in EOG Resources by 2.3% in the second quarter. Altman Advisors Inc. now owns 14,035 shares of the energy exploration company’s stock valued at $1,701,000 after purchasing an additional 313 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of EOG Resources by 6.6% during the 2nd quarter. ProShare Advisors LLC now owns 114,690 shares of the energy exploration company’s stock worth $13,718,000 after acquiring an additional 7,118 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EOG shares. Wolfe Research lowered their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Raymond James Financial increased their target price on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 22nd. UBS Group lifted their price target on shares of EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Barclays set a $136.00 price target on shares of EOG Resources and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Finally, Argus lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. One 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 stock. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $140.76.

EOG Resources Trading Up 0.2%

EOG opened at $105.19 on Monday. The firm has a 50 day simple moving average of $112.35 and a 200 day simple moving average of $115.62. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The company has a market cap of $57.44 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the company earned $2.89 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm 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. This represents a $4.08 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) 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.