Leonteq Securities AG Purchases 19,231 Shares of EOG Resources, Inc. $EOG

Leonteq Securities AG raised its position in EOG Resources, Inc. (NYSE:EOG) by 310.4% in the first quarter, HoldingsChannel reports. The fund owned 25,426 shares of the energy exploration company’s stock after purchasing an additional 19,231 shares during the quarter. Leonteq Securities AG’s holdings in EOG Resources were worth $3,676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources during the fourth quarter worth approximately $25,000. SJS Investment Consulting Inc. grew its position in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the period. Prosperity Bancshares Inc acquired a new stake in EOG Resources in the 4th quarter valued at $26,000. Nemes Rush Group LLC bought a new stake in EOG Resources during the 4th quarter valued at $30,000. Finally, Financial Life Planners bought a new stake in EOG Resources during the 1st quarter valued at $30,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG opened at $130.81 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The company has a market capitalization of $69.67 billion, a price-to-earnings ratio of 12.87 and a beta of 0.25. The firm’s fifty day moving average price is $135.75 and its two-hundred day moving average price is $126.24. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.87 earnings per share. As a group, analysts anticipate that EOG Resources, Inc. will post 16.31 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio is presently 40.16%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EOG shares. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Stephens reduced their price objective on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Jefferies Financial Group restated a “buy” rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a report on Thursday. Finally, DA Davidson raised their price target on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and a consensus target price of $155.25.

EOG Resources 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.