RD Lewis Holdings Inc. Boosts Stock Holdings in EOG Resources, Inc. $EOG

RD Lewis Holdings Inc. boosted its position in EOG Resources, Inc. (NYSE:EOG) by 3.4% in the second quarter, Holdings Channel.com reports. The firm owned 20,176 shares of the energy exploration company’s stock after acquiring an additional 655 shares during the quarter. EOG Resources makes up about 2.4% of RD Lewis Holdings Inc.’s holdings, making the stock its 11th largest position. RD Lewis Holdings Inc.’s holdings in EOG Resources were worth $2,340,000 as of its most recent SEC filing.

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

EOG Resources Stock Up 0.9%

Shares of NYSE EOG opened at $106.98 on Friday. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a market capitalization of $58.05 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. 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 firm’s 50-day moving average is $109.93 and its two-hundred day moving average is $115.33.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share 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 business had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the company posted $2.89 EPS. The company’s revenue was down 2.0% on a year-over-year basis. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is 40.64%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EOG shares. Roth Capital cut their price target on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. JPMorgan Chase & Co. lowered their target price on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Royal Bank Of Canada lifted their price target on shares of EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Argus cut EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, August 25th. Finally, Evercore ISI raised their price objective on EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $140.33.

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.