Kestra Advisory Services LLC Acquires 29,602 Shares of EOG Resources, Inc. $EOG

Kestra Advisory Services LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 64.7% during the first quarter, Holdings Channel reports. The firm owned 75,358 shares of the energy exploration company’s stock after buying an additional 29,602 shares during the period. Kestra Advisory Services LLC’s holdings in EOG Resources were worth $10,894,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Hardy Reed LLC lifted its position in shares of EOG Resources by 3.8% during the 1st quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock worth $325,000 after buying an additional 82 shares during the period. Bollard Group LLC grew its position in EOG Resources by 0.8% in the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after acquiring an additional 93 shares during the period. Fulton Bank N.A. grew its position in EOG Resources by 2.1% in the first quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock valued at $662,000 after acquiring an additional 93 shares during the period. Ethos Financial Group LLC raised its stake in EOG Resources by 2.5% during the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock worth $439,000 after acquiring an additional 100 shares in the last quarter. Finally, Sumitomo Life Insurance Co. raised its stake in EOG Resources by 0.4% during the fourth quarter. Sumitomo Life Insurance Co. now owns 22,784 shares of the energy exploration company’s stock worth $2,393,000 after acquiring an additional 102 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on EOG. Morgan Stanley lowered their target price on shares of EOG Resources from $160.00 to $156.00 and set an “equal weight” rating on the stock in a report on Friday, June 26th. Raymond James Financial reduced their price target on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a research report on Monday, June 22nd. Barclays upped their price objective on shares of EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $175.00 price objective (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. Finally, Citigroup reduced their target price on EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. 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. According to MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $155.04.

EOG Resources Trading Down 0.1%

EOG opened at $134.03 on Monday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $71.39 billion, a PE ratio of 13.19 and a beta of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The firm has a 50-day moving average price of $135.59 and a two-hundred day moving average price of $127.50.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period in the prior year, the business earned $2.87 earnings per share. EOG Resources’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources, Inc. will post 16.19 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 3.0%. EOG Resources’s dividend 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.