EOG Resources, Inc. $EOG Stock Position Lifted by Wedbush Securities Inc.

Wedbush Securities Inc. lifted its position in EOG Resources, Inc. (NYSE:EOG) by 11.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 13,409 shares of the energy exploration company’s stock after acquiring an additional 1,366 shares during the period. Wedbush Securities Inc.’s holdings in EOG Resources were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Carnegie Lake Advisors LLC lifted its stake in EOG Resources by 7.9% during the second quarter. Carnegie Lake Advisors LLC now owns 8,198 shares of the energy exploration company’s stock worth $981,000 after purchasing an additional 600 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in shares of EOG Resources by 54.3% during the second quarter. Vestmark Advisory Solutions Inc. now owns 3,096 shares of the energy exploration company’s stock worth $370,000 after purchasing an additional 1,089 shares during the period. Ipsen Advisor Group LLC lifted its position in shares of EOG Resources by 7.9% in the 2nd quarter. Ipsen Advisor Group LLC now owns 4,246 shares of the energy exploration company’s stock worth $508,000 after buying an additional 311 shares during the last quarter. Smart Money Group LLC boosted its holdings in shares of EOG Resources by 21.1% in the 2nd quarter. Smart Money Group LLC now owns 8,078 shares of the energy exploration company’s stock valued at $966,000 after buying an additional 1,406 shares during the period. Finally, Malaga Cove Capital LLC grew its position in shares of EOG Resources by 53.0% during the 2nd quarter. Malaga Cove Capital LLC now owns 5,357 shares of the energy exploration company’s stock valued at $641,000 after buying an additional 1,855 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EOG shares. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Melius Research initiated coverage on EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price target on the stock. Scotiabank restated a “sector perform” rating and set a $130.00 price objective on shares of EOG Resources in a research report on Friday, September 26th. Siebert Williams Shank lowered their price objective on EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, The Goldman Sachs Group cut their target price on EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $140.76.

EOG Resources Stock Performance

Shares of EOG stock opened at $105.19 on Friday. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The firm has a market capitalization of $57.44 billion, a price-to-earnings ratio of 10.22, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. The business has a 50 day simple moving average of $112.35 and a 200 day simple moving average of $115.60.

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

EOG Resources Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.9%. EOG Resources’s dividend payout ratio is presently 40.64%.

About EOG Resources

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.