Simplicity Wealth LLC Makes New Investment in EOG Resources, Inc. $EOG

Simplicity Wealth LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 2nd quarter, Holdings Channel reports. The firm purchased 5,116 shares of the energy exploration company’s stock, valued at approximately $664,000.

A number of other large investors also recently modified their holdings of EOG. Baxter Bros Inc. bought a new stake in EOG Resources during the 2nd quarter worth $389,000. Trivium Point Advisory LLC bought a new stake in shares of EOG Resources during the second quarter worth about $2,282,000. Longfellow Investment Management Co. LLC bought a new stake in shares of EOG Resources during the second quarter worth about $967,000. Flputnam Investment Management Co. acquired a new position in EOG Resources in the 2nd quarter valued at approximately $1,184,000. Finally, Global Retirement Partners LLC acquired a new position in EOG Resources in the 2nd quarter valued at approximately $2,416,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Up 2.3%

NYSE:EOG opened at $145.95 on Tuesday. 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 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $76.56 billion, a price-to-earnings ratio of 11.36 and a beta of 0.25. The firm has a fifty day simple moving average of $137.69 and a two-hundred day simple moving average of $134.06.

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, beating the consensus estimate of $4.97 by $0.10. The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The business’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.32 earnings per share. Analysts expect that EOG Resources, Inc. will post 16.43 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a yield of 2.8%. EOG Resources’s dividend payout ratio is presently 31.75%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Raymond James Financial reiterated a “strong-buy” rating and set a $183.00 price target on shares of EOG Resources in a report on Monday, August 3rd. Capital One Financial decreased their price objective on EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Citigroup lowered their target price on EOG Resources from $147.00 to $141.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Morgan Stanley cut their target price on EOG Resources from $160.00 to $156.00 and set an “equal weight” rating on the stock in a report on Friday, June 26th. Finally, Williams Trading set a $177.00 price target on EOG Resources in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $156.00.

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.