Plan Group Financial LLC Invests $582,000 in EOG Resources, Inc. $EOG

Plan Group Financial LLC purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,485 shares of the energy exploration company’s stock, valued at approximately $582,000.

A number of other hedge funds have also recently modified their holdings of EOG. Acumen Wealth Advisors LLC acquired a new stake in EOG Resources during the fourth quarter worth about $25,000. SJS Investment Consulting Inc. boosted its holdings in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc acquired a new position in EOG Resources in the 4th quarter valued at about $26,000. Nemes Rush Group LLC purchased a new stake in shares of EOG Resources in the 4th quarter valued at approximately $30,000. Finally, Financial Life Planners purchased a new stake in shares of EOG Resources in the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of recent analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $183.00 price target on shares of EOG Resources in a report on Monday, August 3rd. Freedom Capital lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Sanford C. Bernstein lowered their price objective on EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, May 20th. Roth Capital reissued a “neutral” rating and set a $138.00 target price on shares of EOG Resources in a research note on Wednesday, August 5th. Finally, 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 report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $156.21.

EOG Resources Price Performance

Shares of EOG opened at $142.55 on Friday. The firm has a 50-day simple moving average of $137.57 and a two-hundred day simple moving average of $133.62. The stock has a market cap of $74.77 billion, a PE ratio of 11.09 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 company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping the consensus estimate of $4.97 by $0.10. The firm 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%. The business’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.32 EPS. As a group, analysts forecast that EOG Resources, Inc. will post 16.4 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s payout ratio is presently 31.75%.

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.