Resonant Capital Advisors LLC Makes New Investment in EOG Resources Inc (NYSE:EOG)

Resonant Capital Advisors LLC acquired a new position in shares of EOG Resources Inc (NYSE:EOG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,606 shares of the energy exploration company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Keebeck Wealth Management LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth approximately $36,000. Coastal Investment Advisors Inc. grew its position in EOG Resources by 35.9% during the 4th quarter. Coastal Investment Advisors Inc. now owns 685 shares of the energy exploration company’s stock worth $48,000 after acquiring an additional 181 shares during the last quarter. Pacifica Partners Inc. bought a new stake in EOG Resources during the 4th quarter worth approximately $49,000. Americana Partners LLC acquired a new stake in EOG Resources during the 4th quarter valued at $56,000. Finally, Braun Bostich & Associates Inc. acquired a new stake in EOG Resources during the 4th quarter valued at $79,000. 87.83% of the stock is owned by institutional investors.

NYSE EOG traded down $0.16 during trading hours on Thursday, hitting $39.53. The company’s stock had a trading volume of 9,258,269 shares, compared to its average volume of 6,036,100. EOG Resources Inc has a twelve month low of $27.00 and a twelve month high of $107.89. The firm has a market capitalization of $23.17 billion, a P/E ratio of 8.38, a PEG ratio of 1.72 and a beta of 1.49. The company has a quick ratio of 1.00, a current ratio of 1.18 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average of $58.50 and a 200 day moving average of $71.88.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, February 27th. The energy exploration company reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.20. EOG Resources had a return on equity of 13.89% and a net margin of 15.74%. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. On average, analysts predict that EOG Resources Inc will post 2.47 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a $0.375 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 15th. This represents a $1.50 annualized dividend and a yield of 3.79%. EOG Resources’s dividend payout ratio is presently 23.09%.

A number of equities analysts have commented on the company. Citigroup reduced their price objective on EOG Resources from $56.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, March 20th. TD Securities lowered their target price on EOG Resources from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Morgan Stanley cut their price target on EOG Resources from $91.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, March 16th. Royal Bank of Canada reduced their price target on shares of EOG Resources from $110.00 to $78.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 10th. Finally, ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. EOG Resources presently has an average rating of “Buy” and an average price target of $80.45.

In other EOG Resources news, Director Charles R. Crisp sold 420 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $86.49, for a total transaction of $36,325.80. Following the transaction, the director now owns 50,296 shares in the company, valued at $4,350,101.04. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.20% of the stock is currently owned by company insiders.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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