KPP Advisory Services LLC Invests $666,000 in EOG Resources, Inc. $EOG

KPP Advisory Services LLC purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the first quarter, HoldingsChannel.com reports. The firm purchased 4,609 shares of the energy exploration company’s stock, valued at approximately $666,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bollard Group LLC boosted its position in EOG Resources by 0.8% in the 3rd quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock valued at $1,317,000 after buying an additional 93 shares during the last quarter. Fulton Bank N.A. lifted its stake in shares of EOG Resources by 2.1% in the first quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock worth $662,000 after acquiring an additional 93 shares in the last quarter. CoreFirst Bank & Trust boosted its holdings in EOG Resources by 18.5% in the third quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company’s stock valued at $72,000 after purchasing an additional 100 shares during the last quarter. Ethos Financial Group LLC boosted its holdings in EOG Resources by 2.5% in the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock valued at $439,000 after purchasing an additional 100 shares during the last quarter. Finally, Sumitomo Life Insurance Co. grew its stake in EOG Resources by 0.4% during the 4th quarter. Sumitomo Life Insurance Co. now owns 22,784 shares of the energy exploration company’s stock valued at $2,393,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE EOG opened at $130.81 on Friday. The company has a 50-day moving average price of $135.75 and a two-hundred day moving average price of $126.24. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The stock has a market cap of $69.67 billion, a price-to-earnings ratio of 12.87 and a beta of 0.25. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the business posted $2.87 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Analysts forecast that EOG Resources, Inc. will post 16.31 EPS for the current year.

EOG Resources Announces Dividend

The business 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 is Friday, July 17th. EOG Resources’s dividend payout ratio is presently 40.16%.

Wall Street Analyst Weigh In

EOG has been the topic of several recent analyst reports. Sanford C. Bernstein cut their price target on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, May 20th. The Goldman Sachs Group dropped their target price on shares of EOG Resources from $139.00 to $129.00 and set a “neutral” rating for the company in a research report on Tuesday. Raymond James Financial cut their target price on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a research note on Monday, June 22nd. JPMorgan Chase & Co. reduced their price target on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Susquehanna lifted their price target on EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.25.

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.