EOG Resources, Inc. $EOG Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 82,628 shares of the energy exploration company’s stock after purchasing an additional 4,503 shares during the period. Avantax Advisory Services Inc.’s holdings in EOG Resources were worth $9,883,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Kiker Wealth Management LLC acquired a new position in EOG Resources in the 2nd quarter valued at about $627,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of 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 buying an additional 5,156 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of EOG Resources by 30.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after buying an additional 45,295 shares during the period. Jump Financial LLC purchased a new stake in shares of EOG Resources during the 1st quarter valued at approximately $2,796,000. Finally, FORA Capital LLC acquired a new position in EOG Resources in the first quarter valued at approximately $472,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. The Goldman Sachs Group cut their target price on EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. JPMorgan Chase & Co. lowered their price target on EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Piper Sandler set a $129.00 price objective on EOG Resources and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Roth Capital decreased their target price on shares of EOG Resources from $126.00 to $114.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. Finally, Evercore ISI increased their target price on shares of EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. One equities research 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $140.31.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $109.44 on Tuesday. The stock has a market capitalization of $59.38 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The business has a 50-day moving average of $110.85 and a 200 day moving average of $115.47. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18.

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

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders 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 dividend on an annualized basis and a yield of 3.7%. EOG Resources’s dividend payout ratio is 40.64%.

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.