Longfellow Investment Management Co. LLC Buys New Stake in EOG Resources, Inc. $EOG

Longfellow Investment Management Co. LLC purchased a new stake in EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent filing with the SEC. The fund purchased 7,457 shares of the energy exploration company’s stock, valued at approximately $967,000.

Several other hedge funds have also bought and sold shares of EOG. Acumen Wealth Advisors LLC purchased a new position in shares of EOG Resources during the fourth quarter valued at about $25,000. SJS Investment Consulting Inc. increased its holdings 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 worth $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc purchased a new stake in shares of EOG Resources in the fourth quarter worth about $26,000. Nemes Rush Group LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth about $30,000. Finally, Financial Life Planners bought a new position in EOG Resources during the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on EOG. Susquehanna reaffirmed a “positive” rating and issued a $170.00 price objective (up from $166.00) on shares of EOG Resources in a research note on Tuesday, July 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of EOG Resources in a report on Friday, August 7th. Truist Financial boosted their price target on shares of EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. Morgan Stanley decreased their price target on shares of EOG Resources from $160.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Friday, June 26th. Finally, Scotiabank increased 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $156.21.

EOG Resources Trading Down 0.0%

Shares of EOG stock opened at $142.55 on Monday. The company has a market cap of $74.77 billion, a PE ratio of 11.09 and a beta of 0.25. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The stock’s 50 day simple moving average is $137.57 and its two-hundred day simple moving average is $133.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, August 4th. The energy exploration company reported $5.07 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.10. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.04 billion. EOG Resources had a return on equity of 23.44% and a net margin of 25.44%.The company’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.32 EPS. Research analysts predict that EOG Resources, Inc. will post 16.43 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $1.02 per share. 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 payout ratio is presently 31.75%.

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.