Benjamin Edwards Inc. Buys 5,757 Shares of EOG Resources, Inc. $EOG

Benjamin Edwards Inc. lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 344,599 shares of the energy exploration company’s stock after purchasing an additional 5,757 shares during the period. Benjamin Edwards Inc. owned approximately 0.06% of EOG Resources worth $41,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brevan Howard Capital Management LP bought a new position in EOG Resources in the 2nd quarter valued at $11,921,000. Raymond James Financial Inc. boosted its holdings in EOG Resources by 7.1% in the second quarter. Raymond James Financial Inc. now owns 1,510,341 shares of the energy exploration company’s stock valued at $180,652,000 after acquiring an additional 100,653 shares during the last quarter. Worldquant Millennium Advisors LLC increased its position in EOG Resources by 20.5% in the second quarter. Worldquant Millennium Advisors LLC now owns 29,697 shares of the energy exploration company’s stock worth $3,552,000 after purchasing an additional 5,058 shares during the period. Transamerica Financial Advisors LLC raised its holdings in EOG Resources by 4.7% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 7,555 shares of the energy exploration company’s stock worth $904,000 after purchasing an additional 336 shares during the last quarter. Finally, Bayesian Capital Management LP boosted its stake in shares of EOG Resources by 9.3% in the 2nd quarter. Bayesian Capital Management LP now owns 14,209 shares of the energy exploration company’s stock valued at $1,700,000 after purchasing an additional 1,209 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Down 1.4%

NYSE:EOG opened at $108.01 on Friday. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The stock has a 50-day moving average price of $108.00 and a two-hundred day moving average price of $114.99. The stock has a market cap of $58.61 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 8.29 and a beta of 0.49. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The business had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business posted $2.89 EPS. EOG Resources’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, equities analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio is 40.64%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EOG shares. Jefferies Financial Group set a $145.00 price target on shares of EOG Resources in a research note on Sunday, October 12th. Wolfe Research cut their price target on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. The Goldman Sachs Group decreased their price objective on EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Johnson Rice cut 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. Finally, Scotiabank restated a “sector perform” rating and set a $130.00 target price on shares of EOG Resources in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $139.43.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.