Hennion & Walsh Asset Management Inc. Has $2.06 Million Stock Holdings in EOG Resources, Inc. $EOG

Hennion & Walsh Asset Management Inc. boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 64.4% during the second quarter, HoldingsChannel reports. The fund owned 15,878 shares of the energy exploration company’s stock after purchasing an additional 6,220 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in EOG Resources were worth $2,060,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sivia Capital Partners LLC acquired a new stake in EOG Resources in the second quarter valued at $258,000. Quantbot Technologies LP acquired a new position in EOG Resources during the 2nd quarter worth about $349,000. Gamco Investors INC. ET AL grew its position in shares of EOG Resources by 216.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after buying an additional 4,485 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of EOG Resources by 2.0% in the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after buying an additional 444 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after buying an additional 15,250 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Up 0.8%

NYSE EOG opened at $143.38 on Wednesday. The business has a 50 day simple moving average of $137.43 and a 200 day simple moving average of $133.06. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The stock has a market capitalization of $75.21 billion, a P/E ratio of 11.16 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $8.04 billion. During the same period in the previous year, the company posted $2.32 earnings per share. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. Research analysts expect that EOG Resources, Inc. will post 16.53 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a $1.02 dividend. The ex-dividend date is Friday, October 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. EOG Resources’s payout ratio is currently 31.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EOG shares. Jefferies Financial Group restated a “buy” rating and set a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. Williams Trading set a $177.00 price target on shares of EOG Resources in a research report on Monday, April 20th. Roth Capital reaffirmed a “neutral” rating and issued a $138.00 price objective on shares of EOG Resources in a research note on Wednesday, August 5th. Stephens decreased their price objective on shares of EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. Finally, Citigroup lowered their target price on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $156.32.

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.