OneDigital Investment Advisors LLC Makes New $1.49 Million Investment in EOG Resources, Inc. $EOG

OneDigital Investment Advisors LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,475 shares of the energy exploration company’s stock, valued at approximately $1,489,000.

Several other large investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new stake in shares of EOG Resources during the 2nd quarter worth $654,899,000. Arrowstreet Capital Limited Partnership grew its position in EOG Resources by 898.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company’s stock valued at $205,411,000 after buying an additional 1,278,555 shares during the period. Franklin Resources Inc. increased its holdings in EOG Resources by 24.2% during the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after buying an additional 1,257,110 shares during the last quarter. First Trust Advisors LP increased its holdings in EOG Resources by 70.5% during the fourth quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock worth $312,711,000 after buying an additional 1,231,366 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in EOG Resources by 474.7% during the fourth quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock worth $138,430,000 after buying an additional 1,088,867 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Price Performance

NYSE EOG opened at $145.95 on Tuesday. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The company has a market cap of $76.56 billion, a PE ratio of 11.36 and a beta of 0.25. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The firm’s 50-day simple moving average is $137.69 and its two-hundred day simple moving average is $134.06.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.10. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter last year, the company earned $2.32 earnings per share. The company’s revenue was up 57.4% on a year-over-year basis. Research analysts predict that EOG Resources, Inc. will post 16.43 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued 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 dividend payout ratio (DPR) is 31.75%.

Analysts Set New Price Targets

A number of research analysts have weighed in on EOG shares. Susquehanna reiterated a “positive” rating and issued a $170.00 target price (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Wall Street Zen cut shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Freedom Capital downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of EOG Resources in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.