EOG Resources, Inc. $EOG Shares Purchased by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 74.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,737 shares of the energy exploration company’s stock after buying an additional 45,860 shares during the period. EOG Resources comprises 1.9% of Allen Mooney & Barnes Investment Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Allen Mooney & Barnes Investment Advisors LLC’s holdings in EOG Resources were worth $12,079,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EOG. Cullen Capital Management LLC increased its stake in shares of EOG Resources by 4.7% during the second quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after buying an additional 25,753 shares during the period. Kiker Wealth Management LLC acquired a new position in EOG Resources during the 2nd quarter worth approximately $627,000. Railway Pension Investments Ltd increased its position in shares of EOG Resources by 6.9% in the 2nd quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after purchasing an additional 28,800 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of EOG Resources by 9.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock valued at $7,386,000 after purchasing an additional 5,156 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of EOG Resources by 30.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after purchasing an additional 45,295 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $103.86 on Thursday. The firm’s fifty day simple moving average is $106.99 and its 200-day simple moving average is $114.59. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $138.18. The stock has a market capitalization of $56.35 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 7.87 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 (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share 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 analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. EOG Resources’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.89 EPS. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.9%. EOG Resources’s dividend payout ratio (DPR) is currently 40.64%.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of analyst reports. Sanford C. Bernstein lowered their target price on shares of EOG Resources from $146.00 to $144.00 and set a “market perform” rating for the company in a research note on Friday, November 21st. Johnson Rice decreased their price target on EOG Resources from $145.00 to $135.00 and set a “hold” rating for the company in a report on Friday, December 5th. Roth Capital reiterated a “neutral” rating on shares of EOG Resources in a report on Monday, December 15th. The Goldman Sachs Group cut their target price on EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Finally, Royal Bank Of Canada boosted their target price on EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $138.93.

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.