EverSource Wealth Advisors LLC Raises Stock Holdings in EOG Resources, Inc. $EOG

EverSource Wealth Advisors LLC boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 61.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 11,953 shares of the energy exploration company’s stock after acquiring an additional 4,561 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in EOG Resources were worth $1,728,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its stake in shares of EOG Resources by 898.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,420,839 shares of the energy exploration company’s stock valued at $205,411,000 after acquiring an additional 1,278,555 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of EOG Resources by 24.2% in the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after purchasing an additional 1,257,110 shares during the last quarter. First Trust Advisors LP grew its stake in shares of EOG Resources by 70.5% in the fourth quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock worth $312,711,000 after purchasing an additional 1,231,366 shares during the last quarter. Marshall Wace LLP increased its holdings in EOG Resources by 474.7% during the 4th quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock valued at $138,430,000 after purchasing an additional 1,088,867 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in EOG Resources by 23.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock valued at $490,394,000 after purchasing an additional 901,897 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Truist Financial dropped their price objective on EOG Resources from $149.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, July 1st. Wall Street Zen raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Wells Fargo & Company set a $196.00 target price on EOG Resources and gave the company an “overweight” rating in a report on Wednesday, May 13th. Morgan Stanley dropped their price target on EOG Resources from $160.00 to $156.00 and set an “equal weight” rating for the company in a research note on Friday, June 26th. Finally, The Goldman Sachs Group cut their price target on shares of EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and a consensus price target of $155.32.

EOG Resources Trading Down 0.3%

NYSE EOG opened at $145.56 on Friday. The firm has a market capitalization of $77.53 billion, a PE ratio of 14.33 and a beta of 0.25. The stock’s 50 day moving average is $136.81 and its 200 day moving average is $131.15. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.87 earnings per share. Research analysts forecast that EOG Resources, Inc. will post 16.16 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm 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 $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio is currently 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.