EOG Resources, Inc. $EOG Shares Purchased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. raised its stake in EOG Resources, Inc. (NYSE:EOG) by 77.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 58,713 shares of the energy exploration company’s stock after buying an additional 25,693 shares during the quarter. Geneos Wealth Management Inc.’s holdings in EOG Resources were worth $7,023,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Saudi Central Bank bought a new stake in EOG Resources in the 1st quarter valued at about $28,000. Caitong International Asset Management Co. Ltd increased its stake in shares of EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. Raleigh Capital Management Inc. bought a new stake in shares of EOG Resources during the second quarter valued at approximately $29,000. WPG Advisers LLC bought a new stake in shares of EOG Resources during the first quarter valued at approximately $36,000. Finally, ORG Partners LLC boosted its position in shares of EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after buying an additional 88 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on EOG. Evercore ISI lifted their target price on EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Siebert Williams Shank decreased their target price on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Wolfe Research lowered their target price on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. UBS Group reaffirmed a “buy” rating and issued a $141.00 price target (down from $144.00) on shares of EOG Resources in a research note on Friday. Finally, Roth Capital decreased their price objective on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $139.43.

EOG Resources Price Performance

Shares of NYSE EOG opened at $108.01 on Monday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average of $108.00 and a two-hundred day moving average of $115.05. The company has a market capitalization of $58.61 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 8.17 and a beta of 0.49.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm earned $2.89 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio is 40.64%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.