Dynamic Advisor Solutions LLC Lowers Stock Position in EOG Resources, Inc. $EOG

Dynamic Advisor Solutions LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 76.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,515 shares of the energy exploration company’s stock after selling 28,170 shares during the period. Dynamic Advisor Solutions LLC’s holdings in EOG Resources were worth $955,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Cullen Capital Management LLC lifted its holdings 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 worth $68,952,000 after acquiring an additional 25,753 shares during the last quarter. Kiker Wealth Management LLC bought a new position in shares of EOG Resources during the 2nd quarter valued at $627,000. Railway Pension Investments Ltd raised its position in EOG Resources by 6.9% in the 2nd quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after purchasing an additional 28,800 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in 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 purchasing an additional 5,156 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake 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 worth $25,107,000 after purchasing an additional 45,295 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of recent research reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $153.00 price objective on shares of EOG Resources in a research note on Wednesday, December 3rd. Siebert Williams Shank reduced their price target on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Morgan Stanley lifted their price target on EOG Resources from $136.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 20th. Wells Fargo & Company dropped their price objective on EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Finally, BMO Capital Markets cut their target price on shares of EOG Resources from $130.00 to $126.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $138.93.

EOG Resources Trading Down 0.7%

EOG opened at $101.94 on Monday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $138.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The business has a 50 day simple moving average of $107.32 and a two-hundred day simple moving average of $114.79. The firm has a market capitalization of $55.31 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 7.71 and a beta of 0.49.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $2.89 EPS. Analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders 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 yield of 4.0%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is presently 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.