NewEdge Advisors LLC Has $7.53 Million Stock Position in EOG Resources, Inc. $EOG

NewEdge Advisors LLC lowered its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 10.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,048 shares of the energy exploration company’s stock after selling 6,133 shares during the quarter. NewEdge Advisors LLC’s holdings in EOG Resources were worth $7,525,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Sivia Capital Partners LLC bought a new stake in shares of EOG Resources during the 2nd quarter worth about $258,000. Quantbot Technologies LP acquired a new position in shares of EOG Resources during the 2nd quarter valued at about $349,000. Gamco Investors INC. ET AL raised its stake in shares of EOG Resources by 216.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after acquiring an additional 4,485 shares in the last quarter. Sei Investments Co. raised its stake in shares of EOG Resources by 4.4% in the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after acquiring an additional 15,250 shares in the last quarter. Finally, Osterweis Capital Management Inc. lifted its holdings in EOG Resources by 3,790.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 389 shares of the energy exploration company’s stock worth $47,000 after purchasing an additional 379 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $142.05 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The firm has a 50-day simple moving average of $137.34 and a 200-day simple moving average of $132.81. The company has a market capitalization of $74.51 billion, a price-to-earnings ratio of 11.05 and a beta of 0.25.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating the consensus estimate 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 period last year, the business posted $2.32 EPS. The company’s revenue was up 57.4% on a year-over-year basis. On average, equities research analysts anticipate that EOG Resources, Inc. will post 16.53 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued 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 dividend payout ratio (DPR) is 31.75%.

Analyst Ratings Changes

A number of equities analysts have recently commented on EOG shares. Mizuho set a $157.00 price target on shares of EOG Resources and gave the company a “neutral” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. decreased their price objective on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Scotiabank raised their target price on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Freedom Capital lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group restated a “buy” rating and set a $175.00 price target (up from $170.00) on shares of EOG Resources in a 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $156.32.

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.