Wilkinson Global Asset Management LLC Acquires Shares of 4,200 EOG Resources, Inc. $EOG

Wilkinson Global Asset Management LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 4,200 shares of the energy exploration company’s stock, valued at approximately $545,000.

A number of other large investors also recently bought and sold shares of EOG. SJS Investment Consulting Inc. raised its position in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 124 shares in the last quarter. Financial Life Planners bought a new position in EOG Resources during the first quarter worth $30,000. Acumen Wealth Advisors LLC acquired a new position in EOG Resources in the fourth quarter worth $25,000. Prosperity Bancshares Inc acquired a new position in EOG Resources in the fourth quarter worth $26,000. Finally, Global Assets Advisory LLC bought a new stake in EOG Resources during the first quarter valued at $37,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 0.0%

Shares of NYSE:EOG opened at $142.55 on Monday. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $137.57 and its 200 day moving average price is $133.80. The company 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 fifty-two week low of $101.59 and a fifty-two week high of $151.87.

EOG Resources (NYSE:EOG) last posted its earnings results 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. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same quarter in the prior year, the firm earned $2.32 EPS. EOG Resources’s quarterly revenue was up 57.4% on a year-over-year basis. Sell-side analysts anticipate 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. Stockholders of record on Friday, October 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s payout ratio is currently 31.75%.

Analysts Set New Price Targets

EOG has been the topic of a number of research reports. Freedom Capital cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Wells Fargo & Company reiterated an “overweight” rating and set a $193.00 price objective (down from $196.00) on shares of EOG Resources in a research note on Thursday. Roth Capital reissued a “neutral” rating and issued a $138.00 target price on shares of EOG Resources in a report on Wednesday, August 5th. Wall Street Zen downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Williams Trading set a $177.00 target price on EOG Resources in a report on Monday, April 20th. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $156.21.

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.