Elevation Point Wealth Partners LLC Has $1.34 Million Stake in EOG Resources, Inc. $EOG

Elevation Point Wealth Partners LLC grew its position in EOG Resources, Inc. (NYSE:EOG) by 37.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,202 shares of the energy exploration company’s stock after purchasing an additional 3,076 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in EOG Resources were worth $1,340,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in EOG Resources by 0.7% during the first quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company’s stock valued at $6,922,633,000 after acquiring an additional 348,895 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of EOG Resources by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock valued at $2,485,402,000 after purchasing an additional 1,188,552 shares during the period. Northern Trust Corp boosted its position in shares of EOG Resources by 6.3% during the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock valued at $779,433,000 after purchasing an additional 358,916 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of EOG Resources by 3.9% during the 1st quarter. Alliancebernstein L.P. now owns 5,909,297 shares of the energy exploration company’s stock valued at $757,808,000 after purchasing an additional 223,294 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in EOG Resources by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,911,741 shares of the energy exploration company’s stock worth $629,789,000 after purchasing an additional 36,777 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $106.27 on Friday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The stock’s 50 day moving average is $108.90 and its 200-day moving average is $115.24. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $57.66 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the firm posted $2.89 EPS. EOG Resources’s revenue was down 2.0% compared to the same quarter last year. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.8%. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

Wall Street Analyst Weigh In

EOG has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on EOG Resources from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Thursday, November 20th. Barclays set a $136.00 price objective on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Jefferies Financial Group set a $145.00 target price on shares of EOG Resources in a research report on Sunday, October 12th. Piper Sandler cut their target price on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Finally, The Goldman Sachs Group reduced their price target on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, EOG Resources has a consensus rating of “Hold” and an average price target of $140.33.

EOG Resources Company 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.