EOG Resources, Inc. $EOG Shares Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,445 shares of the energy exploration company’s stock after purchasing an additional 1,335 shares during the quarter. Prospera Financial Services Inc’s holdings in EOG Resources were worth $5,077,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in EOG Resources by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock valued at $6,922,633,000 after acquiring an additional 348,895 shares during the period. Charles Schwab Investment Management Inc. lifted its position in EOG Resources by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after acquiring an additional 1,188,552 shares during the period. Northern Trust Corp grew its stake in shares of EOG Resources by 6.3% in the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock valued at $779,433,000 after purchasing an additional 358,916 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of EOG Resources by 3.9% in the first quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock valued at $757,808,000 after purchasing an additional 223,294 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of EOG Resources by 1.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company’s stock valued at $709,201,000 after purchasing an additional 60,454 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Raymond James Financial increased their price target on EOG Resources from $158.00 to $161.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a research note on Wednesday, October 8th. UBS Group lifted their target price on shares of EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Melius Research initiated coverage on shares of EOG Resources in a research note on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target on the stock. Finally, Scotiabank restated a “sector perform” rating and issued a $130.00 price objective on shares of EOG Resources in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average target price of $140.76.

EOG Resources Stock Performance

Shares of EOG opened at $105.19 on Friday. The company has a 50-day simple moving average of $112.35 and a 200-day simple moving average of $115.60. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $57.44 billion, a PE ratio of 10.22, a P/E/G ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the firm earned $2.89 earnings per share. The firm’s revenue was down 2.0% on a year-over-year basis. Equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.9%. EOG Resources’s dividend payout ratio is currently 40.64%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.