Gallacher Capital Management LLC Purchases Shares of 7,851 EOG Resources, Inc. $EOG

Gallacher Capital Management LLC purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the first quarter, HoldingsChannel reports. The institutional investor purchased 7,851 shares of the energy exploration company’s stock, valued at approximately $1,135,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources in the fourth quarter valued at approximately $25,000. SJS Investment Consulting Inc. lifted its position in EOG Resources by 225.5% during 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 last quarter. Prosperity Bancshares Inc purchased a new position in EOG Resources in the 4th quarter worth approximately $26,000. Nemes Rush Group LLC purchased a new position in EOG Resources in the 4th quarter worth approximately $30,000. Finally, Financial Life Planners bought a new position in shares of EOG Resources in the 1st quarter worth $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

EOG Resources stock opened at $138.41 on Friday. The firm has a fifty day simple moving average of $135.72 and a two-hundred day simple moving average of $128.47. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The company has a market capitalization of $73.72 billion, a PE ratio of 13.62 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 earnings per share (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 analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the firm earned $2.87 earnings per share. Research analysts expect that EOG Resources, Inc. will post 16.19 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EOG shares. Roth Capital reaffirmed a “neutral” rating and set a $136.00 price objective on shares of EOG Resources in a report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their target price on EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. Zacks Research downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Scotiabank lifted their price target on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Mizuho set a $157.00 price objective on EOG Resources and gave the stock a “neutral” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.