EOG Resources, Inc. $EOG Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 12.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 324,801 shares of the energy exploration company’s stock after selling 48,121 shares during the quarter. Great Lakes Advisors LLC’s holdings in EOG Resources were worth $42,137,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SJS Investment Consulting Inc. raised its stake 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. Financial Life Planners acquired a new stake in EOG Resources during the 1st quarter worth $30,000. Acumen Wealth Advisors LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth $25,000. Prosperity Bancshares Inc purchased a new stake in shares of EOG Resources during the fourth quarter worth $26,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of EOG Resources in the first quarter valued at about $37,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Up 1.7%

Shares of EOG Resources stock opened at $148.68 on Wednesday. The firm has a market capitalization of $77.99 billion, a price-to-earnings ratio of 11.57 and a beta of 0.25. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. The stock has a 50 day moving average of $137.92 and a 200 day moving average of $134.33.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.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 business earned $2.32 earnings per share. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, research analysts predict that EOG Resources, Inc. will post 16.43 earnings per share for the current year.

EOG Resources Announces Dividend

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 given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 31.75%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Mizuho set a $157.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a report on Wednesday, May 27th. Raymond James Financial reiterated a “strong-buy” rating and issued a $183.00 price objective on shares of EOG Resources in a report on Monday, August 3rd. Freedom Capital cut EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $175.00 price target (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus target price of $156.00.

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.