Algert Global LLC lifted its stake in EOG Resources Inc (NYSE:EOG) by 92.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,287 shares of the energy exploration company’s stock after purchasing an additional 2,055 shares during the quarter. Algert Global LLC’s holdings in EOG Resources were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of EOG. Wealthcare Advisory Partners LLC increased its position in shares of EOG Resources by 131.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 156 shares during the last quarter. Knuff & Co LLC bought a new position in shares of EOG Resources during the 2nd quarter valued at approximately $28,000. Truvestments Capital LLC bought a new position in EOG Resources in the 2nd quarter valued at $33,000. Tortoise Investment Management LLC bought a new position in EOG Resources in the 2nd quarter valued at $34,000. Finally, Mizuho Securities Co. Ltd. bought a new position in EOG Resources in the 2nd quarter valued at $37,000. 86.51% of the stock is owned by hedge funds and other institutional investors.
Shares of EOG traded up $0.34 during trading hours on Friday, hitting $69.25. The stock had a trading volume of 4,919,358 shares, compared to its average volume of 4,333,340. The company’s fifty day simple moving average is $75.27 and its 200 day simple moving average is $86.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.02. EOG Resources Inc has a 12-month low of $68.09 and a 12-month high of $123.78. The firm has a market cap of $40.21 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.59 and a beta of 1.34.
EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.02). The business had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.41 billion. EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. As a group, sell-side analysts predict that EOG Resources Inc will post 4.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a dividend of $0.2875 per share. The ex-dividend date is Wednesday, October 16th. This represents a $1.15 annualized dividend and a yield of 1.66%. EOG Resources’s payout ratio is 20.76%.
EOG has been the topic of a number of recent research reports. Raymond James reissued a “buy” rating and set a $102.00 price target on shares of EOG Resources in a research report on Thursday, August 22nd. JPMorgan Chase & Co. decreased their price target on EOG Resources from $109.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. TheStreet cut EOG Resources from a “b-” rating to a “c” rating in a research note on Thursday, August 15th. Citigroup dropped their target price on EOG Resources from $116.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, Wells Fargo & Co raised their target price on EOG Resources from $101.00 to $103.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $111.57.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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