5,276 Shares in EOG Resources, Inc. $EOG Bought by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,276 shares of the energy exploration company’s stock, valued at approximately $583,000.

Several other large investors have also made changes to their positions in EOG. Caitong International Asset Management Co. Ltd boosted its stake in EOG Resources by 10,950.0% in 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 during the period. Saudi Central Bank bought a new position in shares of EOG Resources during the first quarter worth $28,000. Raleigh Capital Management Inc. purchased a new position in EOG Resources during the second quarter valued at $29,000. ORG Partners LLC grew its stake in EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Keener Financial Planning LLC bought a new position in shares of EOG Resources during the 2nd quarter valued at about $35,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on EOG. Siebert Williams Shank reduced their price objective on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Evercore ISI lifted their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Johnson Rice lowered their price target on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a report on Friday, December 5th. Jefferies Financial Group set a $145.00 price objective on EOG Resources in a research report on Sunday, October 12th. Finally, Roth Capital reaffirmed a “neutral” rating on shares of EOG Resources in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $138.93.

EOG Resources Price Performance

Shares of EOG stock opened at $103.86 on Friday. The stock has a 50 day moving average price of $106.92 and a 200 day moving average price of $114.52. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $138.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The firm has a market capitalization of $56.35 billion, a P/E ratio of 10.34, a P/E/G ratio of 7.86 and a beta of 0.49.

EOG Resources (NYSE:EOG) last posted 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. The firm had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.89 earnings per share. As a group, sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

EOG Resources 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.