Foster & Motley Inc. Invests $4.84 Million in EOG Resources, Inc. $EOG

Foster & Motley Inc. purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 37,317 shares of the energy exploration company’s stock, valued at approximately $4,841,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC bought a new stake in EOG Resources in the second quarter worth approximately $258,000. Quantbot Technologies LP acquired a new position in shares of EOG Resources during the 2nd quarter worth $349,000. Gamco Investors INC. ET AL raised its holdings in shares of EOG Resources by 216.1% during 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 purchasing an additional 4,485 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of EOG Resources by 2.0% during the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after purchasing an additional 444 shares in the last quarter. Finally, Sei Investments Co. lifted 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 purchasing an additional 15,250 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 Resources stock opened at $148.68 on Wednesday. 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, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The firm has a fifty day moving average price of $137.92 and a two-hundred day moving average price of $134.33. The company has a market cap of $77.99 billion, a PE ratio of 11.57 and a beta of 0.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate 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 was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.32 EPS. Analysts expect that EOG Resources, Inc. will post 16.43 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. Investors of record on Friday, October 16th will be given a dividend of $1.02 per share. 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 2.7%. EOG Resources’s dividend payout ratio (DPR) is 31.75%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EOG shares. Wall Street Zen cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Freedom Capital lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $183.00 price target on shares of EOG Resources in a research report on Monday, August 3rd. Susquehanna reiterated a “positive” rating and set a $170.00 price target (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. Finally, Zacks Research lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average price target 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.