West Family Investments Inc. Buys New Shares in EOG Resources, Inc. $EOG

West Family Investments Inc. purchased a new stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, Holdings Channel reports. The firm purchased 7,000 shares of the energy exploration company’s stock, valued at approximately $908,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ilmarinen Mutual Pension Insurance Co raised its stake in shares of EOG Resources by 39.2% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock worth $9,136,000 after purchasing an additional 24,500 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of EOG Resources by 66.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock valued at $2,073,000 after buying an additional 7,877 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of EOG Resources by 2.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock valued at $123,451,000 after buying an additional 24,984 shares in the last quarter. Cumberland Partners Ltd grew its stake in shares of EOG Resources by 432.0% in the fourth quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock valued at $1,625,000 after buying an additional 12,562 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in EOG Resources by 8.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company’s stock worth $32,541,000 after buying an additional 24,960 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EOG has been the topic of several analyst reports. Barclays set a $147.00 price target on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Monday. Susquehanna reaffirmed a “positive” rating and issued a $170.00 target price (up from $166.00) on shares of EOG Resources in a report on Tuesday, July 21st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $193.00 target price (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. Raymond James Financial reiterated a “strong-buy” rating and issued a $183.00 target price on shares of EOG Resources in a research note on Monday, August 3rd. Finally, Stephens reduced their price target on EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $155.41.

EOG Resources Price Performance

Shares of NYSE EOG opened at $149.54 on Thursday. The firm has a market cap of $78.44 billion, a P/E ratio of 11.64 and a beta of 0.25. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The business’s 50 day moving average is $138.10 and its 200-day moving average is $134.59.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.10. The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The firm’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.32 EPS. Equities research analysts predict that EOG Resources, Inc. will post 16.43 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.