Kestra Private Wealth Services LLC Increases Stake in EOG Resources, Inc. (NYSE:EOG)

Kestra Private Wealth Services LLC raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 51.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,455 shares of the energy exploration company’s stock after acquiring an additional 3,905 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in EOG Resources were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of EOG. Covestor Ltd raised its stake in EOG Resources by 7.2% during the 3rd quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock worth $154,000 after acquiring an additional 82 shares during the period. ORG Partners LLC increased its stake in EOG Resources by 1.0% in the 3rd quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock worth $1,118,000 after buying an additional 84 shares in the last quarter. Sandy Spring Bank raised its holdings in EOG Resources by 1.0% during the third quarter. Sandy Spring Bank now owns 9,077 shares of the energy exploration company’s stock valued at $1,151,000 after acquiring an additional 86 shares during the period. Bison Wealth LLC boosted its stake in shares of EOG Resources by 1.6% in the third quarter. Bison Wealth LLC now owns 5,384 shares of the energy exploration company’s stock worth $682,000 after acquiring an additional 86 shares during the period. Finally, Fragasso Group Inc. grew its position in shares of EOG Resources by 2.2% during the fourth quarter. Fragasso Group Inc. now owns 3,912 shares of the energy exploration company’s stock worth $473,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $130.02 on Friday. The company has a market capitalization of $74.79 billion, a PE ratio of 9.99 and a beta of 1.38. The company has a 50-day simple moving average of $127.11 and a two-hundred day simple moving average of $122.60. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion during the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. EOG Resources’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.69 EPS. Research analysts expect that EOG Resources, Inc. will post 12.14 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.80%. EOG Resources’s payout ratio is currently 27.98%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EOG shares. KeyCorp raised their price objective on EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Citigroup raised their price objective on EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Stifel Nicolaus cut their target price on EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Barclays began coverage on EOG Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price target for the company. Finally, Morgan Stanley boosted their price objective on shares of EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $142.27.

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.