Allworth Financial LP Has $901,000 Stock Holdings in EOG Resources, Inc. $EOG

Allworth Financial LP cut its position in EOG Resources, Inc. (NYSE:EOG) by 19.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,534 shares of the energy exploration company’s stock after selling 1,795 shares during the quarter. Allworth Financial LP’s holdings in EOG Resources were worth $901,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Kiker Wealth Management LLC acquired a new position in EOG Resources during the second quarter valued at approximately $627,000. Vanguard Personalized Indexing Management LLC boosted its position in EOG Resources by 9.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock worth $7,386,000 after acquiring an additional 5,156 shares during the last quarter. Canada Pension Plan Investment Board grew its position in EOG Resources by 30.1% in the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after purchasing an additional 45,295 shares in the last quarter. FORA Capital LLC bought a new position in shares of EOG Resources in the 1st quarter valued at about $472,000. Finally, Jump Financial LLC bought a new stake in shares of EOG Resources during the 1st quarter worth approximately $2,796,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

EOG opened at $110.31 on Friday. The company has a market capitalization of $60.23 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 8.20 and a beta of 0.72. The firm has a 50-day moving average price of $111.01 and a 200-day moving average price of $115.43. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. The firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $2.89 EPS. Equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.7%. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

Analyst Ratings Changes

A number of research firms have commented on EOG. The Goldman Sachs Group reduced their price objective on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Piper Sandler set a $129.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a research report on Tuesday, October 21st. BMO Capital Markets reduced their price target on shares of EOG Resources from $134.00 to $130.00 in a research note on Tuesday. Argus lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Monday, August 25th. Finally, Susquehanna raised their price objective on EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $140.31.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.