Citizens Financial Group Inc. RI Invests $2.12 Million in EOG Resources, Inc. $EOG

Citizens Financial Group Inc. RI purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, Holdings Channel reports. The fund purchased 16,356 shares of the energy exploration company’s stock, valued at approximately $2,122,000.

Other hedge funds have also added to or reduced their stakes in the company. Sivia Capital Partners LLC acquired a new position in EOG Resources during the 2nd quarter valued at about $258,000. Quantbot Technologies LP acquired a new stake in shares of EOG Resources during the 2nd quarter worth approximately $349,000. Gamco Investors INC. ET AL raised its stake in shares of EOG Resources by 216.1% during the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after buying an additional 4,485 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of EOG Resources by 2.0% during the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after buying an additional 444 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after buying an additional 15,250 shares during the period. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Mizuho set a $157.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of EOG Resources in a research report on Friday, August 7th. Barclays set a $147.00 price target on EOG Resources and gave the company an “equal weight” rating in a research note on Monday. Wells Fargo & Company restated an “overweight” rating and issued a $193.00 price target (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. Finally, The Goldman Sachs Group decreased their price objective on EOG Resources from $139.00 to $129.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. 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 stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus price target of $156.00.

EOG Resources Stock Up 2.3%

EOG Resources stock opened at $145.95 on Tuesday. The firm has a market capitalization of $76.56 billion, a price-to-earnings ratio of 11.36 and a beta of 0.25. The company’s 50 day simple moving average is $137.69 and its 200 day simple moving average is $134.06. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week 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 the consensus estimate of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period last year, the business posted $2.32 earnings per share. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 16.43 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 given a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio 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.