Wealthfront Advisers LLC Boosts Position in EOG Resources, Inc. $EOG

Wealthfront Advisers LLC raised its stake in EOG Resources, Inc. (NYSE:EOG) by 7.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 50,853 shares of the energy exploration company’s stock after buying an additional 3,599 shares during the period. Wealthfront Advisers LLC’s holdings in EOG Resources were worth $7,352,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Twin Capital Management Inc. increased its position in shares of EOG Resources by 0.3% during the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after acquiring an additional 79 shares during the period. Hardy Reed LLC grew its stake in EOG Resources by 3.8% in the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock worth $325,000 after purchasing an additional 82 shares in the last quarter. Fulton Bank N.A. increased its holdings in EOG Resources by 2.1% during the 1st quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock worth $662,000 after purchasing an additional 93 shares during the period. Ethos Financial Group LLC increased its holdings in EOG Resources by 2.5% during the 4th quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock worth $439,000 after purchasing an additional 100 shares during the period. Finally, Anchor Investment Management LLC raised its position in EOG Resources by 44.0% during the 1st quarter. Anchor Investment Management LLC now owns 334 shares of the energy exploration company’s stock valued at $48,000 after purchasing an additional 102 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EOG shares. Stephens dropped their price target on EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. DA Davidson lifted their price objective on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Citigroup dropped their target price on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Finally, Morgan Stanley cut their target price on shares of EOG Resources from $160.00 to $156.00 and set an “equal weight” rating on the stock in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.04.

EOG Resources Stock Up 1.0%

Shares of NYSE EOG opened at $139.80 on Friday. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The stock’s fifty day simple moving average is $135.91 and its two-hundred day simple moving average is $128.55. The stock has a market capitalization of $74.46 billion, a PE ratio of 13.76 and a beta of 0.25. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.87 EPS. As a group, analysts expect that EOG Resources, Inc. will post 16.19 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s payout ratio is currently 40.16%.

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.