Jones Financial Companies Lllp Grows Stock Position in EOG Resources, Inc. $EOG

Jones Financial Companies Lllp boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 404,859 shares of the energy exploration company’s stock after acquiring an additional 20,704 shares during the quarter. Jones Financial Companies Lllp’s holdings in EOG Resources were worth $53,679,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources in the 4th quarter valued at about $25,000. SJS Investment Consulting Inc. raised its stake 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 valued at $26,000 after acquiring an additional 124 shares during the period. Prosperity Bancshares Inc purchased a new stake in shares of EOG Resources in the 4th quarter valued at approximately $26,000. Nemes Rush Group LLC purchased a new stake in EOG Resources in the fourth quarter valued at approximately $30,000. Finally, Financial Life Planners acquired a new position in EOG Resources during the first quarter worth $30,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EOG. 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. 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 research report on Thursday, May 7th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $151.00 price objective (up from $127.00) on shares of EOG Resources in a research note on Monday. Sanford C. Bernstein reduced their price target on EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 20th. Finally, Barclays set a $147.00 price objective on EOG Resources and gave the stock an “equal weight” rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $156.22.

EOG Resources Price Performance

Shares of NYSE EOG opened at $150.18 on Tuesday. The stock’s 50-day simple moving average is $139.11 and its 200-day simple moving average is $135.47. The firm has a market capitalization of $78.77 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.57 and a beta of 0.25. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $153.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.68 and a current ratio of 1.85.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The firm’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.32 earnings per share. As a group, equities research analysts forecast that EOG Resources, Inc. will post 16.87 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders 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 dividend yield of 2.7%. EOG Resources’s dividend payout ratio is presently 31.75%.

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.