Flputnam Investment Management Co. Takes Position in EOG Resources, Inc. $EOG

Flputnam Investment Management Co. bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 9,124 shares of the energy exploration company’s stock, valued at approximately $1,184,000.

Several other institutional investors have also bought and sold shares of the stock. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources in the 4th quarter valued at $25,000. SJS Investment Consulting Inc. boosted its holdings in EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 124 shares during the last quarter. Prosperity Bancshares Inc purchased a new position in EOG Resources during the 4th quarter worth $26,000. Nemes Rush Group LLC bought a new stake in shares of EOG Resources in the 4th quarter worth $30,000. Finally, Financial Life Planners bought a new stake in shares of EOG Resources in the 1st quarter worth $30,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 2.3%

Shares of EOG Resources stock opened at $145.95 on Tuesday. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The firm has a market cap of $76.56 billion, a PE ratio of 11.36 and a beta of 0.25. The stock has a fifty day moving average price of $137.69 and a 200-day moving average price of $134.06. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.32 EPS. Equities research analysts anticipate that EOG Resources, Inc. will post 16.43 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.8%. EOG Resources’s payout ratio is currently 31.75%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Capital One Financial lowered their target price on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Morgan Stanley cut their price target on shares of EOG Resources from $160.00 to $156.00 and set an “equal weight” rating on the stock in a report on Friday, June 26th. Wall Street Zen downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Finally, Stephens dropped their target price on shares of EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $156.00.

About EOG Resources

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.