D.A. Davidson & CO. Has $30.56 Million Holdings in EOG Resources, Inc. $EOG

D.A. Davidson & CO. boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 1.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,396 shares of the energy exploration company’s stock after buying an additional 3,841 shares during the quarter. D.A. Davidson & CO.’s holdings in EOG Resources were worth $30,562,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EOG. Sivia Capital Partners LLC bought a new stake in shares of EOG Resources in the 2nd quarter worth about $258,000. Quantbot Technologies LP bought a new stake in EOG Resources during the second quarter worth about $349,000. Gamco Investors INC. ET AL increased its holdings in shares of EOG Resources by 216.1% during the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after buying an additional 4,485 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of EOG Resources by 2.0% during the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after buying an additional 444 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of EOG Resources by 4.4% in the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after acquiring an additional 15,250 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Down 0.3%

NYSE:EOG opened at $137.56 on Thursday. The stock’s fifty day moving average price is $135.56 and its two-hundred day moving average price is $128.23. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The company has a market cap of $73.27 billion, a price-to-earnings ratio of 13.54 and a beta of 0.25.

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

EOG Resources Announces Dividend

The company 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. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 3.0%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Wall Street Analysts Forecast Growth

EOG has been the topic of several recent analyst reports. Citigroup reduced their target price on EOG Resources from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Wells Fargo & Company set a $196.00 price objective on EOG Resources and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Sanford C. Bernstein reduced their price objective on EOG Resources from $167.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 20th. Morgan Stanley decreased their target price on EOG Resources from $160.00 to $156.00 and set an “equal weight” rating on the stock in a report on Friday, June 26th. Finally, Williams Trading set a $177.00 target price 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 issued a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.04.

About EOG Resources

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.