Revolve Wealth Partners LLC Purchases New Position in EOG Resources, Inc. $EOG

Revolve Wealth Partners LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the second quarter, HoldingsChannel.com reports. The fund acquired 8,616 shares of the energy exploration company’s stock, valued at approximately $1,118,000.

Several other institutional investors and hedge funds also recently modified their holdings of EOG. Sivia Capital Partners LLC acquired a new position in EOG Resources during the 2nd quarter worth approximately $258,000. Quantbot Technologies LP purchased a new position in EOG Resources in the 2nd quarter worth approximately $349,000. Gamco Investors INC. ET AL grew its position in EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after acquiring an additional 4,485 shares in the last quarter. NewEdge Advisors LLC grew its position in EOG Resources by 2.0% in the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after acquiring an additional 444 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of EOG Resources by 4.4% during the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after purchasing an additional 15,250 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $142.05 on Tuesday. The company has a quick ratio of 1.68, a current ratio of 1.85 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $137.34 and its two-hundred day moving average price is $132.81. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The stock has a market capitalization of $74.51 billion, a P/E ratio of 11.05 and a beta of 0.25.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, beating the consensus estimate of $4.97 by $0.10. The company had revenue of $8.62 billion during 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%.The business’s revenue was up 57.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.32 earnings per share. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 16.53 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s payout ratio is currently 31.75%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Zacks Research cut shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Citigroup dropped their price target on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Scotiabank upped their price objective on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. DA Davidson raised their target price on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Williams Trading set a $177.00 price target on EOG Resources in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seventeen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $156.32.

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.