Arvest Investments Inc. Has $978,000 Holdings in EOG Resources, Inc. $EOG

Arvest Investments Inc. lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 42.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,718 shares of the energy exploration company’s stock after selling 6,355 shares during the quarter. Arvest Investments Inc.’s holdings in EOG Resources were worth $978,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cullen Capital Management LLC increased its position in shares of EOG Resources by 4.7% in the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock valued at $68,952,000 after buying an additional 25,753 shares in the last quarter. Kiker Wealth Management LLC bought a new position in EOG Resources during the second quarter worth about $627,000. Railway Pension Investments Ltd grew its stake in EOG Resources by 6.9% in the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock valued at $53,717,000 after acquiring an additional 28,800 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of EOG Resources by 9.1% in the second 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 in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of 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 worth $25,107,000 after acquiring an additional 45,295 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price objective on EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Raymond James Financial restated a “strong-buy” rating and set a $153.00 target price on shares of EOG Resources in a report on Wednesday, December 3rd. Wolfe Research reduced their price target on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. BMO Capital Markets lowered their price objective on shares of EOG Resources from $130.00 to $126.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Finally, Citigroup restated a “neutral” rating and set a $115.00 price objective (down from $125.00) on shares of EOG Resources in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $138.93.

EOG Resources Stock Down 0.7%

EOG Resources stock opened at $101.94 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $138.18. The company has a fifty day simple moving average of $107.32 and a 200 day simple moving average of $114.79. The company has a market cap of $55.31 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 7.71 and a beta of 0.49.

EOG Resources (NYSE:EOG) last posted 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 company 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 company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.89 EPS. Research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is currently 40.64%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.