W.H. Cornerstone Investments Inc. Purchases 1,609 Shares of EOG Resources, Inc. $EOG

W.H. Cornerstone Investments Inc. lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 18.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,391 shares of the energy exploration company’s stock after acquiring an additional 1,609 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in EOG Resources were worth $1,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in EOG. Kiker Wealth Management LLC purchased a new position in EOG Resources in the 2nd quarter valued at approximately $627,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of EOG Resources by 9.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after purchasing an additional 5,156 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in EOG Resources by 30.1% during the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after purchasing an additional 45,295 shares during the last quarter. Jump Financial LLC purchased a new position in EOG Resources in the 1st quarter worth approximately $2,796,000. Finally, FORA Capital LLC bought a new position in shares of EOG Resources in the 1st quarter worth $472,000. 89.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of research reports. Morgan Stanley cut their price objective 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. UBS Group raised their price objective on EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Scotiabank restated a “sector perform” rating and set a $130.00 target price on shares of EOG Resources in a report on Friday, September 26th. Roth Capital lowered their price objective on EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada raised their target price on shares of EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. One 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 company’s stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus price target of $140.72.

EOG Resources Stock Performance

NYSE EOG traded up $1.03 on Thursday, hitting $109.77. 292,529 shares of the company traded hands, compared to its average volume of 3,626,376. The business’s 50 day moving average price is $111.41 and its 200-day moving average price is $115.50. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week 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. The company has a market capitalization of $59.93 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. The firm had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.89 earnings per share. Equities analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.7%. EOG Resources’s dividend payout ratio (DPR) is 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.