Principal Financial Group Inc. Sells 10,792 Shares of EOG Resources, Inc. $EOG

Principal Financial Group Inc. decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 0.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,801,489 shares of the energy exploration company’s stock after selling 10,792 shares during the period. Principal Financial Group Inc.’s holdings in EOG Resources were worth $260,441,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms recently commented on EOG. Roth Capital reaffirmed a “neutral” rating and set a $136.00 price objective on shares of EOG Resources in a research report on Wednesday, May 6th. Wolfe Research boosted their target price on EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Citigroup lowered their target price on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. DA Davidson raised their price target on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. One equities research 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.04.

EOG Resources Stock Down 1.1%

Shares of EOG opened at $138.10 on Wednesday. The business’s 50 day moving average is $135.51 and its 200 day moving average is $127.99. The company has a market capitalization of $73.56 billion, a PE ratio of 13.59 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 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 posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the firm earned $2.87 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. Research analysts expect that EOG Resources, Inc. will post 16.18 earnings per share for the current fiscal 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 issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is 40.16%.

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.