MJP Associates Inc. ADV Purchases Shares of 1,867 EOG Resources, Inc. $EOG

MJP Associates Inc. ADV purchased a new stake in EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,867 shares of the energy exploration company’s stock, valued at approximately $223,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Banque Cantonale Vaudoise purchased a new stake in EOG Resources during the first quarter valued at approximately $26,000. Saudi Central Bank purchased a new position in EOG Resources in the first quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its position in shares of 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 purchasing an additional 219 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of EOG Resources during the 2nd quarter valued at $29,000. Finally, WPG Advisers LLC acquired a new stake in shares of EOG Resources in the 1st quarter worth $36,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Siebert Williams Shank reduced their target price on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. JPMorgan Chase & Co. dropped their price target on EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Argus lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Monday, August 25th. Morgan Stanley lowered their target price 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. Finally, UBS Group boosted their target price on shares of EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. 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. Based on data from MarketBeat, EOG Resources currently has an average rating of “Hold” and an average price target of $140.31.

EOG Resources Trading Up 1.0%

Shares of NYSE:EOG opened at $110.31 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The stock has a market cap of $59.85 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 8.20 and a beta of 0.72. The business has a 50-day moving average price of $111.01 and a 200-day moving average price of $115.45.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $5.48 billion. During the same quarter in the prior year, the firm earned $2.89 earnings per share. EOG Resources’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

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