CMH Wealth Management LLC Raises Stake in EOG Resources Inc (NYSE:EOG)

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CMH Wealth Management LLC boosted its position in EOG Resources Inc (NYSE:EOG) by 6.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,698 shares of the energy exploration company’s stock after buying an additional 1,435 shares during the quarter. CMH Wealth Management LLC’s holdings in EOG Resources were worth $1,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of EOG. Nuveen Asset Management LLC boosted its stake in shares of EOG Resources by 32,106.0% during the second quarter. Nuveen Asset Management LLC now owns 8,219,605 shares of the energy exploration company’s stock valued at $765,738,000 after purchasing an additional 8,194,083 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of EOG Resources by 100.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,253,340 shares of the energy exploration company’s stock valued at $1,141,521,000 after purchasing an additional 6,128,570 shares during the period. BlackRock Inc. boosted its stake in shares of EOG Resources by 3.5% during the second quarter. BlackRock Inc. now owns 35,712,596 shares of the energy exploration company’s stock valued at $3,326,986,000 after purchasing an additional 1,201,811 shares during the period. Janus Henderson Group PLC boosted its stake in shares of EOG Resources by 60.9% during the second quarter. Janus Henderson Group PLC now owns 2,734,872 shares of the energy exploration company’s stock valued at $254,785,000 after purchasing an additional 1,035,252 shares during the period. Finally, Balyasny Asset Management LLC boosted its stake in shares of EOG Resources by 1,149.6% during the second quarter. Balyasny Asset Management LLC now owns 875,021 shares of the energy exploration company’s stock valued at $81,517,000 after purchasing an additional 804,996 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

Shares of EOG Resources stock traded up $0.34 during midday trading on Friday, reaching $69.25. 5,662,698 shares of the company’s stock traded hands, compared to its average volume of 3,870,955. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.02. The company has a market cap of $39.91 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34. The stock has a 50 day moving average of $75.41 and a 200-day moving average of $86.43. EOG Resources Inc has a 12 month low of $68.09 and a 12 month high of $123.78.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, August 1st. The energy exploration company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.02). The business had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.41 billion. EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. EOG Resources’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 EPS. On average, equities analysts anticipate that EOG Resources Inc will post 4.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $1.15 dividend on an annualized basis and a yield of 1.66%. EOG Resources’s dividend payout ratio (DPR) is 20.76%.

A number of analysts have recently weighed in on EOG shares. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Piper Jaffray Companies set a $111.00 price objective on EOG Resources and gave the company a “buy” rating in a research note on Friday, August 16th. TheStreet lowered EOG Resources from a “b-” rating to a “c” rating in a research note on Thursday, August 15th. Morgan Stanley dropped their price objective on EOG Resources from $97.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, October 4th. Finally, Guggenheim set a $108.00 price objective on EOG Resources and gave the company a “buy” rating in a research note on Wednesday, August 21st. Four analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. EOG Resources presently has a consensus rating of “Buy” and an average target price of $111.57.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

Read More: What is net income?

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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