Wealthfront Advisers LLC Purchases Shares of 84,989 EOG Resources, Inc. $EOG

Wealthfront Advisers LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 84,989 shares of the energy exploration company’s stock, valued at approximately $11,026,000.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Truist Financial boosted their price objective on EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Capital One Financial cut their price target on EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of EOG Resources in a research report on Friday, August 7th. Roth Capital reissued a “neutral” rating and set a $138.00 price objective on shares of EOG Resources in a report on Wednesday, August 5th. Finally, Susquehanna restated a “positive” rating and issued a $170.00 price objective (up from $166.00) on shares of EOG Resources in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $155.41.

EOG Resources Stock Up 0.6%

Shares of EOG opened at $149.54 on Thursday. The firm has a market capitalization of $78.44 billion, a price-to-earnings ratio of 11.64 and a beta of 0.25. 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 business’s fifty day moving average price is $138.10 and its two-hundred day moving average price is $134.59. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87.

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 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 during the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the previous year, the company posted $2.32 earnings per share. The firm’s quarterly revenue was up 57.4% on a year-over-year basis. On average, analysts predict that EOG Resources, Inc. will post 16.43 earnings per share for the current year.

EOG Resources Announces Dividend

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

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.