Empower Advisory Group LLC Takes Position in EOG Resources, Inc. (NYSE:EOG)

Empower Advisory Group LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,985 shares of the energy exploration company’s stock, valued at approximately $241,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in shares of EOG Resources by 16.0% in the 1st quarter. Cetera Investment Advisers now owns 16,031 shares of the energy exploration company’s stock valued at $1,911,000 after acquiring an additional 2,213 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of EOG Resources during the first quarter worth about $404,000. Sequoia Financial Advisors LLC bought a new stake in shares of EOG Resources during the first quarter worth about $278,000. Zions Bancorporation N.A. boosted its position in EOG Resources by 237.7% during the 1st quarter. Zions Bancorporation N.A. now owns 1,155 shares of the energy exploration company’s stock worth $138,000 after buying an additional 813 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in EOG Resources by 23.7% during the 1st quarter. Brown Brothers Harriman & Co. now owns 662 shares of the energy exploration company’s stock worth $79,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

Insider Transactions at EOG Resources

In related news, EVP Jeffrey R. Leitzell sold 2,031 shares of EOG Resources stock in a transaction on Friday, July 7th. The stock was sold at an average price of $117.26, for a total transaction of $238,155.06. Following the sale, the executive vice president now directly owns 37,607 shares in the company, valued at $4,409,796.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Lloyd W. Helms, Jr. sold 4,551 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $130.76, for a total transaction of $595,088.76. Following the transaction, the chief operating officer now owns 145,259 shares of the company’s stock, valued at approximately $18,994,066.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey R. Leitzell sold 2,031 shares of EOG Resources stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $117.26, for a total value of $238,155.06. Following the completion of the sale, the executive vice president now directly owns 37,607 shares of the company’s stock, valued at approximately $4,409,796.82. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EOG shares. Stifel Nicolaus boosted their price objective on shares of EOG Resources from $143.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Wells Fargo & Company reduced their price target on EOG Resources from $154.00 to $152.00 and set an “overweight” rating on the stock in a research report on Friday, September 1st. Mizuho lifted their price objective on EOG Resources from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Jefferies Financial Group raised their price target on shares of EOG Resources from $141.00 to $147.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, Morgan Stanley upped their price objective on shares of EOG Resources from $125.00 to $129.00 and gave the company an “overweight” rating in a research note on Friday, August 18th. Six equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $148.13.

EOG Resources Stock Down 1.8 %

Shares of NYSE:EOG opened at $132.18 on Monday. The business’s 50 day moving average is $128.38 and its 200 day moving average is $118.72. EOG Resources, Inc. has a 12-month low of $98.52 and a 12-month high of $150.88. The stock has a market cap of $76.96 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.42 and a beta of 1.57. The company has a quick ratio of 2.02, a current ratio of 2.39 and a debt-to-equity ratio of 0.14.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 3rd. The energy exploration company reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.21. The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $4.74 billion. EOG Resources had a net margin of 33.58% and a return on equity of 28.52%. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.74 EPS. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.08 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be given a dividend of $0.825 per share. The ex-dividend date is Monday, October 16th. This represents a $3.30 annualized dividend and a dividend yield of 2.50%. EOG Resources’s dividend payout ratio is currently 22.24%.

EOG Resources Profile

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. The company was formerly known as Enron Oil & Gas Company.