Oakmont Investment Advisors Inc. Acquires New Holdings in EOG Resources, Inc. $EOG

Oakmont Investment Advisors Inc. bought a new stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, Holdings Channel.com reports. The fund bought 6,100 shares of the energy exploration company’s stock, valued at approximately $791,000.

A number of other large investors have also added to or reduced their stakes in EOG. Syon Capital LLC raised its holdings in EOG Resources by 8.1% in the second quarter. Syon Capital LLC now owns 6,463 shares of the energy exploration company’s stock worth $838,000 after purchasing an additional 486 shares in the last quarter. United Community Bank grew its position in shares of EOG Resources by 11.1% in the 2nd quarter. United Community Bank now owns 1,397 shares of the energy exploration company’s stock worth $181,000 after buying an additional 140 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in shares of EOG Resources by 3.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 14,930 shares of the energy exploration company’s stock worth $1,937,000 after buying an additional 559 shares during the last quarter. Prosperitas Financial LLC raised its stake in shares of EOG Resources by 24.0% during the 2nd quarter. Prosperitas Financial LLC now owns 1,716 shares of the energy exploration company’s stock worth $223,000 after acquiring an additional 332 shares in the last quarter. Finally, NEOS Investment Management LLC raised its stake in shares of EOG Resources by 14.0% during the 2nd quarter. NEOS Investment Management LLC now owns 88,431 shares of the energy exploration company’s stock worth $11,472,000 after acquiring an additional 10,864 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $145.11 on Friday. The company has a 50 day moving average price of $141.49 and a 200 day moving average price of $137.24. The firm has a market capitalization of $76.11 billion, a P/E ratio of 11.29, a PEG ratio of 0.54 and a beta of 0.26. 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, Inc. has a 52 week low of $101.59 and a 52 week high of $153.67.

EOG Resources (NYSE:EOG) last released 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 net margin of 25.44% and a return on equity of 23.44%. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the previous year, the firm earned $2.32 EPS. EOG Resources’s revenue was up 57.4% compared to the same quarter last year. Sell-side analysts expect that EOG Resources, Inc. will post 16.87 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources’s payout ratio is 31.75%.

Analysts Set New Price Targets

Several equities research analysts have 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 research note on Thursday, July 2nd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $183.00 price target on shares of EOG Resources in a research report on Monday, August 3rd. Capital One Financial lowered EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price objective for the company. in a report on Wednesday, August 26th. Roth Capital reissued a “neutral” rating and issued a $138.00 price objective on shares of EOG Resources in a research report on Wednesday, August 5th. Finally, Susquehanna restated a “positive” rating and set a $170.00 target price (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. One research 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $157.04.

Insider Buying and Selling at EOG Resources

In related news, CEO Ezra Yacob sold 35,942 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total value of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at $36,876,797.10. This represents a 12.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.

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.