RFG Advisory LLC Makes New $1.86 Million Investment in EOG Resources, Inc. $EOG

RFG Advisory LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 1st quarter, Holdings Channel reports. The fund acquired 12,844 shares of the energy exploration company’s stock, valued at approximately $1,857,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EOG. Capital World Investors lifted its position in EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after buying an additional 782,426 shares during the period. Vanguard Group Inc. lifted its holdings in shares of EOG Resources by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after acquiring an additional 446,341 shares during the period. State Street Corp boosted its position in shares of EOG Resources by 0.3% in the fourth quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after acquiring an additional 100,080 shares during the last quarter. Capital Research Global Investors grew its holdings in EOG Resources by 0.5% in the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after purchasing an additional 122,486 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in EOG Resources by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock worth $2,099,028,000 after purchasing an additional 371,548 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 0.7%

Shares of EOG opened at $132.64 on Friday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The stock’s 50-day moving average is $135.81 and its two-hundred day moving average is $125.55. 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 stock has a market cap of $70.65 billion, a PE ratio of 13.06 and a beta of 0.25.

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 business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s revenue was up 22.1% on a year-over-year basis. During the same period last year, the business posted $2.87 EPS. Equities analysts forecast that EOG Resources, Inc. will post 16.64 earnings per share 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. Stockholders of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is presently 40.16%.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of EOG Resources from $145.00 to $148.00 in a report on Thursday, May 7th. Barclays lifted their target price on EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. UBS Group upped their price target on EOG Resources from $141.00 to $149.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. BMO Capital Markets lifted their price objective on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, April 1st. Finally, Zacks Research downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

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.