Exchange Traded Concepts LLC Purchases 18,948 Shares of EOG Resources, Inc. $EOG

Exchange Traded Concepts LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 869.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 21,128 shares of the energy exploration company’s stock after buying an additional 18,948 shares during the period. Exchange Traded Concepts LLC’s holdings in EOG Resources were worth $2,369,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of EOG. Saudi Central Bank purchased a new position in EOG Resources in the first quarter worth $28,000. Caitong International Asset Management Co. Ltd raised its stake in shares of EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $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 2nd quarter worth $29,000. WPG Advisers LLC purchased a new position in shares of EOG Resources in the 1st quarter worth about $36,000. Finally, ORG Partners LLC grew its position in EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EOG has been the topic of several research reports. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $153.00 price objective on shares of EOG Resources in a research report on Wednesday, December 3rd. Barclays set a $136.00 price target on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their price objective on EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Finally, Johnson Rice lowered 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 research 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. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average price target of $138.93.

EOG Resources Trading Down 0.1%

Shares of EOG stock opened at $103.86 on Friday. The stock has a market capitalization of $56.35 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 7.86 and a beta of 0.49. The company’s fifty day simple moving average is $106.92 and its two-hundred day simple moving average is $114.52. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $138.18. 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 posted 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 return on equity of 19.80% and a net margin of 24.49%.The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period last year, the company earned $2.89 earnings per share. As a group, analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current 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 issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is presently 40.64%.

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.