Parr Mcknight Wealth Management Group LLC Has $2.75 Million Holdings in EOG Resources, Inc. $EOG

Parr Mcknight Wealth Management Group LLC boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 35.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,046 shares of the energy exploration company’s stock after purchasing an additional 4,987 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in EOG Resources were worth $2,753,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. grew its holdings in shares of EOG Resources by 24.2% during the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after buying an additional 1,257,110 shares in the last quarter. First Trust Advisors LP lifted its stake in EOG Resources by 70.5% in the 4th quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock valued at $312,711,000 after acquiring an additional 1,231,366 shares in the last quarter. Marshall Wace LLP lifted its stake in EOG Resources by 474.7% in the 4th quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock valued at $138,430,000 after acquiring an additional 1,088,867 shares in the last quarter. Bank of New York Mellon Corp boosted its position in EOG Resources by 23.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock worth $490,394,000 after acquiring an additional 901,897 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in EOG Resources during the 3rd quarter worth approximately $87,193,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the topic of a number of recent research reports. Roth Capital reiterated a “neutral” rating and issued a $136.00 price objective on shares of EOG Resources in a report on Wednesday, May 6th. Capital One Financial decreased their target price on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Raymond James Financial lowered their price target on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a research note on Monday, June 22nd. Royal Bank Of Canada boosted their price target on shares of EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Finally, BMO Capital Markets increased their price objective on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.04.

EOG Resources Price Performance

NYSE:EOG opened at $134.03 on Monday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The company has a market cap of $71.39 billion, a P/E ratio of 13.19 and a beta of 0.25. The firm’s fifty day moving average price is $135.59 and its two-hundred day moving average price is $127.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. EOG Resources’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.87 EPS. Equities analysts expect that EOG Resources, Inc. will post 16.19 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio is currently 40.16%.

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.