EOG Resources, Inc. $EOG Shares Purchased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 46.3% during the 1st quarter, Holdings Channel reports. The fund owned 95,643 shares of the energy exploration company’s stock after purchasing an additional 30,260 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in EOG Resources were worth $13,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in EOG. Bollard Group LLC grew its stake in shares of EOG Resources by 0.8% in the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after purchasing an additional 93 shares in the last quarter. Fulton Bank N.A. raised its stake in shares of EOG Resources by 2.1% during the first quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock valued at $662,000 after purchasing an additional 93 shares in the last quarter. CoreFirst Bank & Trust raised its stake in shares of EOG Resources by 18.5% during the third quarter. CoreFirst Bank & Trust now owns 640 shares of the energy exploration company’s stock valued at $72,000 after purchasing an additional 100 shares in the last quarter. Ethos Financial Group LLC lifted its holdings in EOG Resources by 2.5% in the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock worth $439,000 after purchasing an additional 100 shares during the period. Finally, Sumitomo Life Insurance Co. lifted its holdings in EOG Resources by 0.4% in the fourth quarter. Sumitomo Life Insurance Co. now owns 22,784 shares of the energy exploration company’s stock worth $2,393,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $130.81 on Friday. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $69.67 billion, a price-to-earnings ratio of 12.87 and a beta of 0.25. The firm has a 50-day moving average of $135.75 and a two-hundred day moving average of $126.24.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.87 EPS. As a group, analysts expect that EOG Resources, Inc. will post 16.31 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 3.1%. EOG Resources’s dividend payout ratio is currently 40.16%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Roth Mkm reissued a “neutral” rating and set a $136.00 target price on shares of EOG Resources in a research note on Wednesday, May 6th. Royal Bank Of Canada boosted their price target on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Weiss Ratings raised shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Barclays increased their price objective on shares of EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Finally, Williams Trading set a $177.00 price objective on shares of EOG Resources in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $155.25.

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.