Dynamic Advisor Solutions LLC Lowers Position in EOG Resources, Inc. $EOG

Dynamic Advisor Solutions LLC decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 76.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 8,515 shares of the energy exploration company’s stock after selling 28,170 shares during the period. Dynamic Advisor Solutions LLC’s holdings in EOG Resources were worth $955,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its holdings in EOG Resources by 34.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,482 shares of the energy exploration company’s stock worth $832,000 after purchasing an additional 1,656 shares in the last quarter. 1832 Asset Management L.P. grew its position in shares of EOG Resources by 7.5% in the 1st quarter. 1832 Asset Management L.P. now owns 122,468 shares of the energy exploration company’s stock worth $15,705,000 after buying an additional 8,556 shares during the period. Sax Wealth Advisors LLC increased its stake in shares of EOG Resources by 55.8% in the 1st quarter. Sax Wealth Advisors LLC now owns 3,633 shares of the energy exploration company’s stock worth $466,000 after acquiring an additional 1,301 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in EOG Resources by 31.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 56,740 shares of the energy exploration company’s stock valued at $7,276,000 after acquiring an additional 13,702 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in EOG Resources by 8.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,946 shares of the energy exploration company’s stock valued at $500,000 after acquiring an additional 323 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.7%

EOG stock opened at $101.94 on Monday. The stock has a market capitalization of $55.31 billion, a P/E ratio of 10.15, a P/E/G ratio of 7.71 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $138.18. The business has a fifty day moving average price of $107.32 and a 200-day moving average price of $114.79.

EOG Resources (NYSE:EOG) last announced its quarterly 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. The firm had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.89 earnings per share. Equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 4.0%. EOG Resources’s payout ratio is currently 40.64%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EOG shares. Roth Capital restated a “neutral” rating on shares of EOG Resources in a report on Monday, December 15th. Jefferies Financial Group set a $145.00 price target on EOG Resources in a research note on Sunday, October 12th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $153.00 price objective on shares of EOG Resources in a research report on Wednesday, December 3rd. Mizuho set a $134.00 target price on EOG Resources and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Johnson Rice cut their target price on EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $138.93.

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.