Stack Financial Management Inc Takes Position in EOG Resources, Inc. $EOG

Stack Financial Management Inc purchased a new stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 192,975 shares of the energy exploration company’s stock, valued at approximately $25,035,000. EOG Resources comprises 2.0% of Stack Financial Management Inc’s portfolio, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acumen Wealth Advisors LLC bought a new stake in EOG Resources during the 4th quarter worth about $25,000. SJS Investment Consulting Inc. boosted its stake in shares of EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc bought a new position in shares of EOG Resources in the 4th quarter valued at about $26,000. Nemes Rush Group LLC bought a new position in shares of EOG Resources in the 4th quarter valued at about $30,000. Finally, Financial Life Planners acquired a new stake in shares of EOG Resources during the 1st quarter worth approximately $30,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

EOG Resources stock opened at $142.55 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $74.77 billion, a P/E ratio of 11.09 and a beta of 0.25. The business has a 50-day moving average of $137.57 and a 200-day moving average of $133.62. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. EOG Resources’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period last year, the company posted $2.32 EPS. On average, equities analysts anticipate that EOG Resources, Inc. will post 16.4 EPS for the current 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 is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s payout ratio is currently 31.75%.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of recent research reports. UBS Group dropped their price target on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Freedom Capital cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Williams Trading set a $177.00 target price on shares of EOG Resources in a report on Monday, April 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of EOG Resources in a research report on Friday, August 7th. Finally, Stephens dropped their target price on shares of EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus price target of $156.21.

About EOG Resources

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.