Kingsview Wealth Management LLC Invests $509,000 in EOG Resources, Inc. $EOG

Kingsview Wealth Management 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 disclosure with the Securities & Exchange Commission. The firm acquired 3,927 shares of the energy exploration company’s stock, valued at approximately $509,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Beacon Pointe Advisors LLC acquired a new position in EOG Resources in the 2nd quarter valued at about $6,532,000. Kimelman & Baird LLC purchased a new stake in shares of EOG Resources during the second quarter worth about $1,219,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of EOG Resources in the second quarter valued at approximately $2,644,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of EOG Resources during the second quarter valued at approximately $3,966,000. Finally, Rakuten Investment Management Inc. acquired a new stake in EOG Resources during the second quarter worth approximately $11,517,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Roth Capital reiterated a “neutral” rating and issued a $138.00 price target on shares of EOG Resources in a report on Wednesday, August 5th. DA Davidson lifted their price objective on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Barclays set a $147.00 target price on EOG Resources and gave the stock an “equal weight” rating in a research report on Monday, August 17th. Morgan Stanley set a $157.00 price target on EOG Resources and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $175.00 price target (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $156.33.

EOG Resources Stock Up 0.1%

Shares of NYSE EOG opened at $143.53 on Monday. The stock has a market capitalization of $75.29 billion, a PE ratio of 11.17, a P/E/G ratio of 0.53 and a beta of 0.25. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average of $140.20 and a 200-day moving average of $136.35. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $153.67.

EOG Resources (NYSE:EOG) last issued 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. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. During the same period last year, the company posted $2.32 EPS. The business’s quarterly revenue was up 57.4% on a year-over-year basis. On average, analysts anticipate that EOG Resources, Inc. will post 16.87 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. Stockholders of record on Friday, October 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s payout ratio is currently 31.75%.

Insider Buying and Selling at EOG Resources

In other news, CEO Ezra Y. Yacob sold 35,942 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the completion of the sale, the chief executive officer owned 242,451 shares in the company, valued at approximately $36,876,797.10. The trade was a 12.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by corporate insiders.

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.