Corient Private Wealth LP Invests $23.13 Million in EOG Resources, Inc. $EOG

Corient Private Wealth LP bought a new position in EOG Resources, Inc. (NYSE:EOG) during the second quarter, Holdings Channel reports. The fund bought 178,298 shares of the energy exploration company’s stock, valued at approximately $23,131,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Summitry LLC lifted its holdings in shares of EOG Resources by 1.5% during the first quarter. Summitry LLC now owns 4,832 shares of the energy exploration company’s stock valued at $699,000 after purchasing an additional 73 shares during the last quarter. Twin Capital Management Inc. increased its stake in EOG Resources by 0.3% in the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after purchasing an additional 79 shares in the last quarter. Sax Wealth Advisors LLC raised its holdings in EOG Resources by 2.8% during the 2nd quarter. Sax Wealth Advisors LLC now owns 2,907 shares of the energy exploration company’s stock worth $377,000 after buying an additional 79 shares during the period. Paladin Wealth LLC raised its holdings in EOG Resources by 5.3% during the 2nd quarter. Paladin Wealth LLC now owns 1,593 shares of the energy exploration company’s stock worth $207,000 after buying an additional 80 shares during the period. Finally, Hardy Reed LLC lifted its stake in EOG Resources by 3.8% during the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock valued at $325,000 after buying an additional 82 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Down 0.7%

Shares of NYSE EOG opened at $143.53 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. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $153.67. The business has a 50-day moving average price of $140.20 and a two-hundred day moving average price of $136.19. The firm has a market capitalization of $75.29 billion, a PE ratio of 11.17, a PEG ratio of 0.54 and a beta of 0.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The firm 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%. The firm’s revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.32 earnings per share. As a group, analysts predict that EOG Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend 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 (DPR) is 31.75%.

Insider Activity at EOG Resources

In other news, CEO Ezra Y. Yacob sold 35,942 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares in the company, valued at $36,876,797.10. The trade was a 12.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on EOG shares. Citigroup reiterated a “neutral” rating and issued a $150.00 target price (up from $141.00) on shares of EOG Resources in a report on Thursday. Stephens reduced their price target on shares of EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. Morgan Stanley set a $157.00 price objective on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. UBS Group lowered their price objective on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. Finally, Freedom Capital downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $156.33.

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.