King Luther Capital Management Corp Lowers Stock Position in EOG Resources, Inc. $EOG

King Luther Capital Management Corp trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 2.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 387,504 shares of the energy exploration company’s stock after selling 9,013 shares during the period. King Luther Capital Management Corp owned about 0.07% of EOG Resources worth $46,349,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. StrongBox Wealth LLC raised its position in EOG Resources by 1.9% in the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock valued at $576,000 after purchasing an additional 88 shares during the period. ORG Partners LLC raised its holdings in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares during the period. Ameriflex Group Inc. lifted its stake in EOG Resources by 31.6% during the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock worth $46,000 after acquiring an additional 91 shares in the last quarter. Granite Harbor Advisors Inc. boosted its holdings in EOG Resources by 3.2% during the 1st quarter. Granite Harbor Advisors Inc. now owns 3,034 shares of the energy exploration company’s stock valued at $389,000 after acquiring an additional 94 shares during the period. Finally, Sigma Planning Corp grew its position in EOG Resources by 1.6% in the 1st quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company’s stock valued at $803,000 after acquiring an additional 97 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

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

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

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.9%. EOG Resources’s payout ratio is presently 40.64%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EOG. Mizuho lowered their price objective on shares of EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Morgan Stanley dropped their price target on shares of EOG Resources from $141.00 to $136.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th. Wolfe Research cut their price objective on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Roth Capital decreased their target price on EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Finally, Susquehanna upped their price target on EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $140.76.

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.