Gateway Wealth Partners LLC Acquires Shares of 4,886 EOG Resources, Inc. $EOG

Gateway Wealth Partners LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,886 shares of the energy exploration company’s stock, valued at approximately $706,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quadcap Wealth Management LLC raised its stake in EOG Resources by 3.5% in the first quarter. Quadcap Wealth Management LLC now owns 9,698 shares of the energy exploration company’s stock worth $1,402,000 after buying an additional 327 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its position in EOG Resources by 24.1% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 30,241 shares of the energy exploration company’s stock valued at $4,372,000 after acquiring an additional 5,865 shares in the last quarter. 44 Wealth Management LLC boosted its position in EOG Resources by 51.6% during the 1st quarter. 44 Wealth Management LLC now owns 11,464 shares of the energy exploration company’s stock valued at $1,657,000 after acquiring an additional 3,900 shares in the last quarter. Lombard Odier Asset Management USA Corp purchased a new position in shares of EOG Resources during the 1st quarter worth approximately $247,000. Finally, Aristotle Atlantic Partners LLC purchased a new position in shares of EOG Resources during the 1st quarter worth approximately $578,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wolfe Research lifted their price target on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Weiss Ratings raised EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Raymond James Financial dropped their target price on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a report on Monday, June 22nd. Wells Fargo & Company set a $196.00 target price on shares of EOG Resources and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $155.32.

EOG Resources Stock Up 4.5%

EOG stock opened at $145.89 on Thursday. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The firm has a market cap of $77.70 billion, a PE ratio of 14.36 and a beta of 0.25. The business has a 50 day moving average of $136.69 and a 200 day moving average of $130.87.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the company posted $2.87 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, research analysts forecast that EOG Resources, Inc. will post 16.16 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given 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, July 17th. EOG Resources’s payout ratio is currently 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.