EOG Resources, Inc. $EOG Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in EOG Resources, Inc. (NYSE:EOG) by 5.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 85,659 shares of the energy exploration company’s stock after purchasing an additional 4,420 shares during the period. Sanctuary Advisors LLC’s holdings in EOG Resources were worth $11,113,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of EOG. Acumen Wealth Advisors LLC bought a new stake in shares of EOG Resources during the 4th quarter valued at about $25,000. SJS Investment Consulting Inc. lifted its holdings in EOG Resources by 225.5% in 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 position in EOG Resources in the fourth quarter worth about $26,000. Nemes Rush Group LLC acquired a new position in EOG Resources in the fourth quarter valued at approximately $30,000. Finally, Financial Life Planners acquired a new position in EOG Resources in the first quarter valued at approximately $30,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Price Performance

NYSE EOG opened at $150.18 on Tuesday. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $153.67. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The stock has a market cap of $78.77 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 0.57 and a beta of 0.25. The company has a 50-day moving average price of $139.11 and a two-hundred day moving average price of $135.47.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating the consensus estimate of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. EOG Resources’s revenue was up 57.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.32 earnings per share. Analysts forecast that EOG Resources, Inc. will post 16.87 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio is 31.75%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EOG shares. Stephens lowered their target price on EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Jefferies Financial Group reissued 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. Wall Street Zen lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Wells Fargo & Company restated an “overweight” rating and set a $193.00 price objective (down from $196.00) on shares of EOG Resources in a research note on Thursday, August 13th. Finally, UBS Group dropped their target price on EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat, EOG Resources has an average rating of “Hold” and a consensus price target of $156.22.

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.