Benjamin Edwards Inc. Has $41.22 Million Position in EOG Resources, Inc. $EOG

Benjamin Edwards Inc. increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.7% in the second quarter, Holdings Channel reports. The institutional investor owned 344,599 shares of the energy exploration company’s stock after buying an additional 5,757 shares during the period. Benjamin Edwards Inc.’s holdings in EOG Resources were worth $41,218,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Saudi Central Bank bought a new position in shares of EOG Resources during the 1st quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd boosted its holdings in EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in EOG Resources in the second quarter valued at $29,000. WPG Advisers LLC bought a new position in EOG Resources in the first quarter valued at $36,000. Finally, ORG Partners LLC increased its stake in EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Evercore ISI raised their price objective on EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Johnson Rice cut their price objective on EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, December 5th. Mizuho set a $134.00 price target on shares of EOG Resources and gave the company a “neutral” rating in a report on Friday. Melius Research assumed coverage on EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price objective for the company. Finally, Sanford C. Bernstein decreased their target price on EOG Resources from $146.00 to $144.00 and set a “market perform” rating on the stock in a research report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $139.43.

EOG Resources Stock Performance

Shares of NYSE:EOG opened at $108.01 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company’s 50 day moving average price is $108.00 and its two-hundred day moving average price is $114.99. The firm has a market cap of $58.61 billion, a PE ratio of 10.76, a PEG ratio of 8.29 and a beta of 0.49.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the business posted $2.89 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.8%. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.