Laurel Wealth Advisors LLC Has $6.87 Million Stock Position in EOG Resources, Inc. $EOG

Laurel Wealth Advisors LLC lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 11,861.0% during the second quarter, HoldingsChannel reports. The firm owned 57,413 shares of the energy exploration company’s stock after acquiring an additional 56,933 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in EOG Resources were worth $6,867,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EOG. AE Wealth Management LLC grew its position in shares of EOG Resources by 96.3% in the 1st quarter. AE Wealth Management LLC now owns 4,204 shares of the energy exploration company’s stock valued at $539,000 after acquiring an additional 2,062 shares during the period. LPL Financial LLC raised its holdings in shares of EOG Resources by 10.8% in the 1st quarter. LPL Financial LLC now owns 514,736 shares of the energy exploration company’s stock valued at $66,010,000 after purchasing an additional 50,055 shares during the period. Mackenzie Financial Corp lifted its stake in EOG Resources by 23.8% in the 1st quarter. Mackenzie Financial Corp now owns 214,477 shares of the energy exploration company’s stock valued at $27,505,000 after purchasing an additional 41,259 shares during the last quarter. Picton Mahoney Asset Management grew its holdings in EOG Resources by 30,680.0% during the first quarter. Picton Mahoney Asset Management now owns 3,078 shares of the energy exploration company’s stock worth $395,000 after purchasing an additional 3,068 shares during the period. Finally, Fiera Capital Corp acquired a new position in EOG Resources during the first quarter worth approximately $6,394,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 0.8%

EOG opened at $106.27 on Thursday. The stock has a fifty day moving average of $109.14 and a 200-day moving average of $115.30. The company has a market capitalization of $57.66 billion, a P/E ratio of 10.33, a P/E/G ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

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

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, January 16th. EOG Resources’s payout ratio is 40.64%.

Analysts Set New Price Targets

EOG has been the subject of several research analyst reports. Siebert Williams Shank reduced their target price on EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, October 13th. BMO Capital Markets cut their price target on EOG Resources from $134.00 to $130.00 in a report on Tuesday, November 11th. Wolfe Research decreased their price objective on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Barclays set a $136.00 price objective on shares of EOG Resources and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Evercore ISI lifted their target price on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $140.33.

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.