Meeder Asset Management Inc. Acquires Shares of 4,842 EOG Resources, Inc. $EOG

Meeder Asset Management Inc. bought a new position in EOG Resources, Inc. (NYSE:EOG) in the second quarter, HoldingsChannel.com reports. The fund bought 4,842 shares of the energy exploration company’s stock, valued at approximately $628,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Acumen Wealth Advisors LLC acquired a new stake in EOG Resources in the 4th quarter valued at $25,000. SJS Investment Consulting Inc. raised its stake in EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 124 shares in the last quarter. Prosperity Bancshares Inc acquired a new position in EOG Resources during the fourth quarter worth $26,000. Nemes Rush Group LLC bought a new position in shares of EOG Resources during the fourth quarter valued at $30,000. Finally, Financial Life Planners acquired a new stake in shares of EOG Resources in the 1st quarter valued at $30,000. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EOG. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $193.00 target price (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. Citigroup reduced their price target on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 8th. Barclays set a $147.00 price objective on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Monday. Freedom Capital lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 5th. Finally, Roth Capital reissued a “neutral” rating and issued a $138.00 target price on shares of EOG Resources in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seventeen have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $156.00.

EOG Resources Trading Up 1.7%

Shares of EOG opened at $148.68 on Wednesday. The stock’s fifty day simple moving average is $137.92 and its 200-day simple moving average is $134.33. The firm has a market capitalization of $77.99 billion, a PE ratio of 11.57 and a beta of 0.25. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data 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 return on equity of 23.44% and a net margin of 25.44%.The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. During the same period in the previous year, the business posted $2.32 EPS. The company’s quarterly revenue was up 57.4% compared to the same quarter last year. As a group, research analysts predict that EOG Resources, Inc. will post 16.43 earnings per share for the current year.

EOG Resources Announces Dividend

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. This represents a $4.08 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 16th. EOG Resources’s dividend payout ratio is currently 31.75%.

EOG Resources Company 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.