United Capital Financial Advisors LLC Acquires Shares of 22,120 EOG Resources, Inc. $EOG

United Capital Financial Advisors LLC bought a new position in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,120 shares of the energy exploration company’s stock, valued at approximately $2,870,000.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of EOG Resources during the second quarter valued at $5,905,587,000. Bank of New York Mellon Corp bought a new position in EOG Resources in the 2nd quarter worth about $654,899,000. Bank of America Corp DE bought a new position in EOG Resources in the 2nd quarter worth about $551,321,000. Deutsche Bank AG purchased a new stake in EOG Resources during the 2nd quarter valued at about $251,102,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in EOG Resources during the 2nd quarter valued at about $168,029,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EOG. JPMorgan Chase & Co. decreased their target price on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. Roth Capital reissued a “neutral” rating and set a $138.00 price target on shares of EOG Resources in a research report on Wednesday, August 5th. Stephens decreased their price objective on shares of EOG Resources from $170.00 to $167.00 in a report on Wednesday, May 6th. Capital One Financial cut EOG Resources from an “overweight” rating to an “equal weight” rating and set a $153.00 price objective on the stock. in a research report on Wednesday. Finally, Susquehanna reiterated a “positive” rating and set a $170.00 target price (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $156.33.

EOG Resources Stock Performance

Shares of EOG stock opened at $143.53 on Friday. The company has a 50 day moving average price of $140.20 and a 200-day moving average price of $136.19. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $153.67. The firm has a market capitalization of $75.29 billion, a PE ratio of 11.17, a P/E/G ratio of 0.54 and a beta of 0.25. 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 issued its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.32 earnings per share. As a group, equities research analysts expect that EOG Resources, Inc. will post 16.87 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. EOG Resources’s payout ratio is currently 31.75%.

Insiders Place Their Bets

In other news, CEO Ezra Y. Yacob sold 35,942 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $152.10, for a total transaction of $5,466,778.20. Following the transaction, the chief executive officer directly owned 242,451 shares of the company’s stock, valued at $36,876,797.10. This represents a 12.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

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.