6,520 Shares in EOG Resources, Inc. $EOG Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC purchased a new stake in EOG Resources, Inc. (NYSE:EOG) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 6,520 shares of the energy exploration company’s stock, valued at approximately $915,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. SJS Investment Consulting Inc. increased its position in shares of EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 124 shares during the last quarter. Financial Life Planners acquired a new position in EOG Resources during the first quarter valued at approximately $30,000. Acumen Wealth Advisors LLC bought a new position in EOG Resources in the fourth quarter valued at approximately $25,000. Prosperity Bancshares Inc bought a new position in EOG Resources in the fourth quarter valued at approximately $26,000. Finally, Global Assets Advisory LLC acquired a new position in shares of EOG Resources during the 1st quarter worth approximately $37,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $193.00 price target (down from $196.00) on shares of EOG Resources in a research report on Thursday, August 13th. JPMorgan Chase & Co. dropped their target price on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Mizuho set a $157.00 price target on EOG Resources and gave the stock a “neutral” rating in a report on Wednesday, May 27th. The Goldman Sachs Group lowered their price target on EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Finally, UBS Group cut their price objective on EOG Resources from $168.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $155.41.

EOG Resources Price Performance

EOG stock opened at $149.54 on Thursday. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The firm has a market cap of $78.44 billion, a P/E ratio of 11.64 and a beta of 0.25. The company’s 50-day moving average price is $138.10 and its two-hundred day moving average price is $134.59.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.10. The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.EOG Resources’s revenue was up 57.4% compared to the same quarter last year. During the same period last year, the firm posted $2.32 earnings per share. On average, analysts anticipate that EOG Resources, Inc. will post 16.43 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio (DPR) is presently 31.75%.

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.