Perennial Investment Advisors LLC Has $255,000 Stock Holdings in EOG Resources, Inc. $EOG

Perennial Investment Advisors LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 30.0% in the second quarter, HoldingsChannel reports. The firm owned 2,128 shares of the energy exploration company’s stock after purchasing an additional 491 shares during the period. Perennial Investment Advisors LLC’s holdings in EOG Resources were worth $255,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EOG. Nuveen LLC acquired a new position in shares of EOG Resources in the 1st quarter worth approximately $451,908,000. Charles Schwab Investment Management Inc. grew its holdings in shares of EOG Resources by 6.5% during the first 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 during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of EOG Resources in the first quarter valued at about $81,752,000. LSV Asset Management lifted its position in EOG Resources by 290.5% during the 1st quarter. LSV Asset Management now owns 687,446 shares of the energy exploration company’s stock worth $88,158,000 after buying an additional 511,418 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in EOG Resources by 122.6% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 907,231 shares of the energy exploration company’s stock worth $108,514,000 after acquiring an additional 499,610 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Piper Sandler decreased their price target on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday. Argus downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Susquehanna lifted their target price on shares of EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Wolfe Research cut their price target on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Finally, KeyCorp dropped their price objective on EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and a consensus target price of $140.12.

EOG Resources Stock Down 2.2%

EOG Resources stock opened at $107.17 on Thursday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The company has a 50 day moving average of $110.44 and a 200-day moving average of $115.40. The stock has a market capitalization of $58.15 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last released its quarterly earnings results 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. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the business posted $2.89 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal 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 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 3.8%. EOG Resources’s payout ratio is currently 40.64%.

EOG Resources 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.