S&CO Inc. Buys New Holdings in EOG Resources, Inc. $EOG

S&CO Inc. purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 10,865 shares of the energy exploration company’s stock, valued at approximately $1,409,000.

Other large investors have also added to or reduced their stakes in the company. Acumen Wealth Advisors LLC bought a new position in shares of EOG Resources in the fourth quarter valued at about $25,000. SJS Investment Consulting Inc. lifted its position in EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 124 shares during the last quarter. Prosperity Bancshares Inc bought a new stake in shares of EOG Resources during the fourth quarter worth approximately $26,000. Nemes Rush Group LLC bought a new stake in shares of EOG Resources during the fourth quarter worth approximately $30,000. Finally, Financial Life Planners bought a new stake in shares of EOG Resources during the first quarter worth approximately $30,000. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Stephens lowered their target price on EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. 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 research note on Thursday, July 2nd. Wall Street Zen lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Freedom Capital lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, Citigroup lowered their price objective on EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $156.21.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $142.55 on Friday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The company’s 50 day moving average price is $137.57 and its two-hundred day moving average price is $133.62. The firm has a market cap of $74.77 billion, a PE ratio of 11.09 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.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion during 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 quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.32 earnings per share. Equities research analysts predict that EOG Resources, Inc. will post 16.43 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed 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. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is 31.75%.

EOG Resources Company 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.