AE Wealth Management LLC Has $366,000 Stock Holdings in EOG Resources, Inc. $EOG

AE Wealth Management LLC decreased its stake in EOG Resources, Inc. (NYSE:EOG) by 27.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,061 shares of the energy exploration company’s stock after selling 1,143 shares during the period. AE Wealth Management LLC’s holdings in EOG Resources were worth $366,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EOG. Banque Cantonale Vaudoise acquired a new position in shares of EOG Resources during the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd grew its stake in shares of EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 219 shares in the last quarter. Saudi Central Bank acquired a new position in EOG Resources during the first quarter worth $28,000. Raleigh Capital Management Inc. bought a new stake in EOG Resources during the second quarter worth $29,000. Finally, ORG Partners LLC raised its position in EOG Resources by 45.1% during the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Wolfe Research reduced their price target on EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Melius Research began coverage on EOG Resources in a research note on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective on the stock. BMO Capital Markets cut their price objective on EOG Resources from $134.00 to $130.00 in a research report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average target price of $140.31.

EOG Resources Trading Up 1.0%

Shares of EOG Resources stock opened at $110.31 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The firm has a 50-day moving average of $111.01 and a 200-day moving average of $115.45. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The stock has a market cap of $59.85 billion, a PE ratio of 10.72, a PEG ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. EOG Resources’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $2.89 earnings per share. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

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

EOG Resources 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.