Wealthfront Advisers LLC Acquires New Position in EOG Resources, Inc. $EOG

Wealthfront Advisers LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 84,989 shares of the energy exploration company’s stock, valued at approximately $11,026,000.

Other institutional investors have also recently bought and sold shares of the company. SJS Investment Consulting Inc. raised its position in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 124 shares during the last quarter. Financial Life Planners bought a new position in shares of EOG Resources in the 1st quarter worth $30,000. Acumen Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth $25,000. Prosperity Bancshares Inc acquired a new stake in shares of EOG Resources during the fourth quarter worth $26,000. Finally, Global Assets Advisory LLC bought a new stake in EOG Resources in the first quarter valued at about $37,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Up 0.6%

NYSE EOG opened at $149.54 on Thursday. The firm has a market cap of $78.44 billion, a P/E ratio of 11.64 and a beta of 0.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.85 and a quick ratio of 1.68. The stock’s 50-day moving average is $138.10 and its 200-day moving average is $134.59. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87.

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

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $4.08 dividend on an annualized basis and a yield of 2.7%. EOG Resources’s payout ratio is presently 31.75%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EOG. Wall Street Zen lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Jefferies Financial Group reissued a “buy” rating and set a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Wells Fargo & Company restated an “overweight” rating and set a $193.00 price objective (down from $196.00) on shares of EOG Resources in a report on Thursday, August 13th. Truist Financial increased their target price on shares of EOG Resources from $134.00 to $153.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. Finally, Mizuho set a $157.00 price target on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $155.41.

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.