Hennion & Walsh Asset Management Inc. Has $2.06 Million Stake in EOG Resources, Inc. $EOG

Hennion & Walsh Asset Management Inc. lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 64.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,878 shares of the energy exploration company’s stock after buying an additional 6,220 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in EOG Resources were worth $2,060,000 as of its most recent filing with the Securities and Exchange Commission.

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

EOG Resources Price Performance

EOG stock opened at $143.38 on Wednesday. The stock has a market cap of $75.21 billion, a price-to-earnings ratio of 11.16 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The company has a 50 day simple moving average of $137.43 and a 200 day simple moving average of $133.06. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company’s revenue was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.32 earnings per share. Research analysts anticipate that EOG Resources, Inc. will post 16.53 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. Investors 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 annualized dividend and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is 31.75%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Morgan Stanley reduced their target price on EOG Resources from $160.00 to $156.00 and set an “equal weight” rating on the stock in a report on Friday, June 26th. Scotiabank lifted their price target on EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Capital One Financial lowered their price target on EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Finally, Raymond James Financial restated a “strong-buy” rating and set a $183.00 price objective on shares of EOG Resources in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $156.32.

EOG Resources 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.