EOG Resources, Inc. $EOG Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 77.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,713 shares of the energy exploration company’s stock after acquiring an additional 25,693 shares during the quarter. Geneos Wealth Management Inc.’s holdings in EOG Resources were worth $7,023,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EOG. Caitong International Asset Management Co. Ltd lifted its stake in shares of EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of EOG Resources during the 1st quarter valued at about $28,000. Raleigh Capital Management Inc. purchased a new stake in shares of EOG Resources during the 2nd quarter valued at about $29,000. ORG Partners LLC lifted its position in EOG Resources by 45.1% during the 2nd 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. Finally, Keener Financial Planning LLC purchased a new position in EOG Resources in the 2nd quarter worth approximately $35,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Down 1.4%

Shares of NYSE EOG opened at $108.01 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average price is $108.00 and its two-hundred day moving average price is $115.05. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The stock has a market capitalization of $58.61 billion, a P/E ratio of 10.76, a PEG ratio of 8.17 and a beta of 0.49.

EOG Resources (NYSE:EOG) last released its quarterly earnings data 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 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 24.49% and a return on equity of 19.80%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.89 earnings per share. On average, analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio is currently 40.64%.

Wall Street Analyst Weigh In

EOG has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. KeyCorp lowered their price target on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, September 3rd. Melius Research initiated coverage on shares of EOG Resources in a report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective on the stock. Roth Capital lowered their target price on EOG Resources from $126.00 to $114.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Finally, Sanford C. Bernstein dropped their target price on EOG Resources from $146.00 to $144.00 and set a “market perform” rating on the stock in a research report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $139.43.

About EOG Resources

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.