AdvisorNet Financial Inc Increases Position in EOG Resources, Inc. (NYSE:EOG)

AdvisorNet Financial Inc raised its position in EOG Resources, Inc. (NYSE:EOGGet Rating) by 7,648.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,291 shares of the energy exploration company’s stock after purchasing an additional 8,184 shares during the period. AdvisorNet Financial Inc’s holdings in EOG Resources were worth $916,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Lumature Wealth Partners LLC purchased a new position in shares of EOG Resources in the 1st quarter valued at $28,000. BDO Wealth Advisors LLC grew its position in shares of EOG Resources by 476.2% in the 1st quarter. BDO Wealth Advisors LLC now owns 242 shares of the energy exploration company’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. HBC Financial Services PLLC purchased a new position in shares of EOG Resources in the 1st quarter valued at $33,000. HM Payson & Co. purchased a new position in shares of EOG Resources in the 1st quarter valued at $33,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of EOG Resources by 1,436.8% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 292 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 273 shares during the last quarter. 88.30% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

Shares of EOG opened at $121.45 on Friday. The company has a 50-day simple moving average of $112.86 and a 200-day simple moving average of $118.59. The company has a quick ratio of 1.29, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $71.17 billion, a PE ratio of 12.46, a P/E/G ratio of 0.24 and a beta of 1.55. EOG Resources, Inc. has a 52-week low of $70.41 and a 52-week high of $147.99.

EOG Resources (NYSE:EOGGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.25 by ($1.51). The company had revenue of $7.41 billion during the quarter, compared to analysts’ expectations of $5.58 billion. EOG Resources had a net margin of 25.71% and a return on equity of 32.03%. The business’s revenue for the quarter was up 79.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 EPS. Equities research analysts predict that EOG Resources, Inc. will post 15.89 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The business also recently declared a special dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This is an increase from EOG Resources’s previous special dividend of $1.00. EOG Resources’s dividend payout ratio (DPR) is currently 30.77%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EOG shares. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. JPMorgan Chase & Co. upgraded shares of EOG Resources from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $152.00 to $156.00 in a research note on Thursday. Morgan Stanley decreased their price target on shares of EOG Resources from $151.00 to $149.00 and set an “equal weight” rating for the company in a research note on Monday, August 29th. Truist Financial decreased their price target on shares of EOG Resources from $182.00 to $175.00 and set a “buy” rating for the company in a research note on Monday, August 15th. Finally, MKM Partners increased their price target on shares of EOG Resources from $122.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, August 26th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.58.

EOG Resources Company Profile

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EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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