Geneos Wealth Management Inc. Sells 5,955 Shares of EOG Resources, Inc. $EOG

Geneos Wealth Management Inc. cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 10.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,219 shares of the energy exploration company’s stock after selling 5,955 shares during the quarter. Geneos Wealth Management Inc.’s holdings in EOG Resources were worth $7,405,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EOG. Concurrent Investment Advisors LLC lifted its position in shares of EOG Resources by 66.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock worth $2,073,000 after buying an additional 7,877 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co boosted its stake in shares of EOG Resources by 39.2% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock worth $9,136,000 after acquiring an additional 24,500 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of EOG Resources by 2.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock valued at $123,451,000 after acquiring an additional 24,984 shares during the last quarter. Cumberland Partners Ltd increased its holdings in shares of EOG Resources by 432.0% during the 4th quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock valued at $1,625,000 after acquiring an additional 12,562 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of EOG Resources by 8.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company’s stock valued at $32,541,000 after acquiring an additional 24,960 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EOG shares. Jefferies Financial Group restated a “buy” rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. Williams Trading set a $177.00 price target on EOG Resources in a report on Monday, April 20th. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Susquehanna boosted their price objective on shares of EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a research note on Tuesday, April 21st. Finally, Capital One Financial decreased their price objective on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.04.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $138.41 on Friday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The company has a market cap of $73.72 billion, a P/E ratio of 13.62 and a beta of 0.25. The business’s 50 day moving average is $135.72 and its two-hundred day moving average is $128.47. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.EOG Resources’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.87 earnings per share. On average, equities analysts expect that EOG Resources, Inc. will post 16.19 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s dividend payout ratio is 40.16%.

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.