Diversify Advisory Services LLC Makes New $915,000 Investment in EOG Resources, Inc. $EOG

Diversify Advisory Services LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,520 shares of the energy exploration company’s stock, valued at approximately $915,000.

Other institutional investors have also made changes to their positions in the company. Oxbow Advisors LLC acquired a new stake in EOG Resources during the 2nd quarter valued at $6,287,000. Wealthfront Advisers LLC purchased a new position in EOG Resources in the 2nd quarter valued at about $11,026,000. Foster & Motley Inc. acquired a new stake in shares of EOG Resources during the second quarter valued at about $4,841,000. Main Street Financial Solutions LLC increased its holdings in EOG Resources by 4.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 6,511 shares of the energy exploration company’s stock worth $845,000 after purchasing an additional 261 shares during the last quarter. Finally, First National Bank of Omaha acquired a new position in EOG Resources during the 2nd quarter worth $7,424,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on EOG shares. Jefferies Financial Group reiterated a “buy” rating and set a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Mizuho set a $157.00 price target on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. The Goldman Sachs Group dropped their target price on EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Citigroup lowered their price objective on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of EOG Resources in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $155.41.

EOG Resources Trading Up 0.6%

EOG stock opened at $149.54 on Thursday. The firm has a market cap of $78.44 billion, a P/E ratio of 11.64 and a beta of 0.25. The business’s 50 day moving average is $138.10 and its 200-day moving average is $134.59. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last announced its 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. The business had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.EOG Resources’s revenue was up 57.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.32 EPS. Equities analysts anticipate that EOG Resources, Inc. will post 16.43 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is currently 31.75%.

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.