HBK Sorce Advisory LLC Buys Shares of 5,276 EOG Resources, Inc. $EOG

HBK Sorce Advisory LLC purchased a new position in EOG Resources, Inc. (NYSE:EOG) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 5,276 shares of the energy exploration company’s stock, valued at approximately $583,000.

A number of other institutional investors have also made changes to their positions in EOG. Alliancebernstein L.P. lifted its stake in EOG Resources by 4.2% in the second quarter. Alliancebernstein L.P. now owns 6,159,281 shares of the energy exploration company’s stock valued at $736,712,000 after buying an additional 249,984 shares during the period. Invesco Ltd. increased its stake in shares of EOG Resources by 7.0% in the 2nd quarter. Invesco Ltd. now owns 4,494,503 shares of the energy exploration company’s stock valued at $537,588,000 after acquiring an additional 294,641 shares during the last quarter. First Trust Advisors LP raised its position in shares of EOG Resources by 64.1% in the 2nd quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after acquiring an additional 1,456,928 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in EOG Resources by 2.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,926,271 shares of the energy exploration company’s stock worth $375,265,000 after acquiring an additional 77,637 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in EOG Resources by 2.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,715,429 shares of the energy exploration company’s stock valued at $329,083,000 after purchasing an additional 65,941 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Up 1.0%

EOG stock opened at $105.64 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The stock has a market capitalization of $57.32 billion, a P/E ratio of 10.52, a P/E/G ratio of 7.91 and a beta of 0.49. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $138.18. The business has a 50-day moving average of $106.82 and a 200-day moving average of $114.13.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the firm earned $2.89 EPS. EOG Resources’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

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

Analyst Ratings Changes

EOG has been the subject of several recent analyst reports. Johnson Rice lowered their target price on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a research note on Friday, December 5th. Piper Sandler dropped their price objective on EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Sanford C. Bernstein reduced their target price on EOG Resources from $146.00 to $144.00 and set a “market perform” rating on the stock in a report on Friday, November 21st. Jefferies Financial Group set a $145.00 price target on EOG Resources in a report on Sunday, October 12th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $153.00 price target on shares of EOG Resources in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat, EOG Resources presently has an average rating of “Hold” and an average price target of $138.93.

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.