Empower Advisory Group LLC Boosts Stake in EOG Resources, Inc. $EOG

Empower Advisory Group LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 454,217 shares of the energy exploration company’s stock after buying an additional 22,671 shares during the quarter. Empower Advisory Group LLC’s holdings in EOG Resources were worth $54,329,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Banque Cantonale Vaudoise purchased a new stake in shares of EOG Resources in the first quarter valued at $26,000. Caitong International Asset Management Co. Ltd increased its position in EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Saudi Central Bank acquired a new position in EOG Resources in the 1st quarter valued at about $28,000. Raleigh Capital Management Inc. purchased a new position in EOG Resources in the 2nd quarter valued at about $29,000. Finally, ORG Partners LLC boosted its stake in shares of EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after purchasing an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on EOG shares. Roth Capital lowered their price target on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. Melius Research began coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research note on Wednesday, October 8th. Morgan Stanley reduced their price target on EOG Resources from $141.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 14th. Finally, Scotiabank restated a “sector perform” rating and set a $130.00 price objective on shares of EOG Resources in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $140.31.

EOG Resources Stock Performance

Shares of EOG stock opened at $110.31 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The firm has a market capitalization of $59.85 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a 50 day moving average price of $111.01 and a 200 day moving average price of $115.45.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. EOG Resources’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business earned $2.89 EPS. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is 40.64%.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.