9,311 Shares in EOG Resources, Inc. $EOG Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC purchased a new stake in EOG Resources, Inc. (NYSE:EOG) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,311 shares of the energy exploration company’s stock, valued at approximately $1,295,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources during the fourth quarter valued at about $25,000. SJS Investment Consulting Inc. raised its holdings in shares of EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after acquiring an additional 124 shares during the last quarter. Prosperity Bancshares Inc bought a new position in EOG Resources in the 4th quarter valued at about $26,000. Nemes Rush Group LLC bought a new position in EOG Resources in the 4th quarter valued at about $30,000. Finally, Financial Life Planners bought a new position in EOG Resources in the 1st quarter valued at about $30,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $137.56 on Thursday. The business’s fifty day simple moving average is $135.56 and its 200 day simple moving average is $128.23. The firm has a market capitalization of $73.27 billion, a P/E ratio of 13.54 and a beta of 0.25. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 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.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.87 EPS. As a group, analysts anticipate that EOG Resources, Inc. will post 16.18 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is 40.16%.

Wall Street Analyst Weigh In

A number of analysts have commented on EOG shares. Wells Fargo & Company set a $196.00 price objective on EOG Resources and gave the stock an “overweight” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. dropped their target price on EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Raymond James Financial cut their target price on EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a research report on Monday, June 22nd. Susquehanna upped their price target on EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a report on Tuesday, April 21st. Finally, Wolfe Research increased their price target on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.04.

EOG Resources Company 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.