4,485 Shares in EOG Resources, Inc. $EOG Purchased by Plan Group Financial LLC

Plan Group Financial LLC bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,485 shares of the energy exploration company’s stock, valued at approximately $582,000.

Other institutional investors also recently bought and sold shares of the company. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources during the fourth quarter worth about $25,000. SJS Investment Consulting Inc. boosted its stake in shares of EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the period. Prosperity Bancshares Inc purchased a new position in shares of EOG Resources in the fourth quarter valued at approximately $26,000. Nemes Rush Group LLC purchased a new position in shares of EOG Resources in the fourth quarter valued at approximately $30,000. Finally, Financial Life Planners acquired a new position in shares of EOG Resources in the first quarter valued at approximately $30,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EOG shares. Stephens cut their target price on shares of EOG Resources from $170.00 to $167.00 in a research note on Wednesday, May 6th. Citigroup lowered their target price on EOG Resources from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Wall Street Zen downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $175.00 price target (up from $170.00) on shares of EOG Resources in a research report on Thursday, July 2nd. Finally, Zacks Research cut EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $156.21.

EOG Resources Trading Up 0.8%

Shares of NYSE:EOG opened at $142.55 on Friday. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The company’s 50 day moving average is $137.57 and its two-hundred day moving average is $133.62. The company has a market cap of $74.77 billion, a PE ratio of 11.09 and a beta of 0.25. The company has a current ratio of 1.85, a quick ratio of 1.68 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, August 4th. The energy exploration company reported $5.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.10. The business had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a net margin of 25.44% and a return on equity of 23.44%. The company’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.32 EPS. Equities analysts predict that EOG Resources, Inc. will post 16.4 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 16th. EOG Resources’s dividend payout ratio is 31.75%.

EOG Resources 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.