EOG Resources, Inc. $EOG Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,659 shares of the energy exploration company’s stock after acquiring an additional 4,420 shares during the quarter. Sanctuary Advisors LLC’s holdings in EOG Resources were worth $11,113,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SJS Investment Consulting Inc. lifted its position in shares of EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares in the last quarter. Financial Life Planners acquired a new stake in EOG Resources during the 1st quarter valued at $30,000. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources during the 4th quarter worth $25,000. Prosperity Bancshares Inc purchased a new stake in EOG Resources during the 4th quarter worth $26,000. Finally, Global Assets Advisory LLC purchased a new stake in EOG Resources during the 1st quarter worth $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG opened at $150.18 on Tuesday. The company has a 50-day moving average of $139.11 and a 200-day moving average of $135.47. The company has a market capitalization of $78.77 billion, a P/E ratio of 11.69, a PEG ratio of 0.57 and a beta of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $153.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter last year, the company posted $2.32 earnings per share. The company’s quarterly revenue was up 57.4% compared to the same quarter last year. Equities analysts expect that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.7%. EOG Resources’s dividend payout ratio is presently 31.75%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. DA Davidson upped their price objective on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. UBS Group dropped their target price on EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of EOG Resources in a research note on Friday, August 7th. Raymond James Financial reissued a “strong-buy” rating and issued a $183.00 price target on shares of EOG Resources in a report on Monday, August 3rd. Finally, Capital One Financial dropped their price objective on EOG Resources from $161.00 to $159.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $156.22.

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.