W.H. Cornerstone Investments Inc. Acquires 306 Shares of EOG Resources, Inc. (NYSE:EOG)

W.H. Cornerstone Investments Inc. grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,447 shares of the energy exploration company’s stock after purchasing an additional 306 shares during the period. EOG Resources makes up about 1.1% of W.H. Cornerstone Investments Inc.’s holdings, making the stock its 26th biggest position. W.H. Cornerstone Investments Inc.’s holdings in EOG Resources were worth $1,196,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ossiam raised its position in shares of EOG Resources by 1,206.7% in the fourth quarter. Ossiam now owns 196 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 181 shares during the period. Pinnacle Holdings LLC bought a new stake in EOG Resources during the 1st quarter worth approximately $25,000. Kalos Management Inc. bought a new stake in EOG Resources during the 1st quarter worth approximately $27,000. Fortis Capital Advisors LLC bought a new stake in EOG Resources during the 4th quarter worth approximately $28,000. Finally, Lumature Wealth Partners LLC bought a new stake in EOG Resources during the 1st quarter worth approximately $28,000. Institutional investors own 89.21% of the company’s stock.

EOG Resources Trading Down 0.2 %

Shares of EOG opened at $131.89 on Tuesday. The stock has a market capitalization of $76.79 billion, a P/E ratio of 8.89, a PEG ratio of 0.42 and a beta of 1.57. The company has a quick ratio of 2.02, a current ratio of 2.39 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $128.38 and a two-hundred day simple moving average of $118.72. EOG Resources, Inc. has a twelve month low of $98.52 and a twelve month high of $150.88.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 3rd. The energy exploration company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.21. The business had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $4.74 billion. EOG Resources had a net margin of 33.58% and a return on equity of 28.52%. The firm’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.74 EPS. On average, research analysts anticipate that EOG Resources, Inc. will post 11.08 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Monday, October 16th. This represents a $3.30 annualized dividend and a yield of 2.50%. EOG Resources’s payout ratio is currently 22.24%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EOG. Morgan Stanley upped their target price on shares of EOG Resources from $125.00 to $129.00 and gave the stock an “overweight” rating in a report on Friday, August 18th. Raymond James decreased their target price on shares of EOG Resources from $150.00 to $140.00 and set a “strong-buy” rating on the stock in a report on Monday, July 24th. The Goldman Sachs Group lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $137.00 to $130.00 in a report on Tuesday, June 13th. Piper Sandler increased their price target on shares of EOG Resources from $156.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday, August 14th. Finally, TD Securities increased their price target on shares of EOG Resources from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, August 4th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $148.21.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, EVP Jeffrey R. Leitzell sold 2,031 shares of the company’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $117.26, for a total value of $238,155.06. Following the completion of the transaction, the executive vice president now directly owns 37,607 shares in the company, valued at approximately $4,409,796.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other EOG Resources news, EVP Jeffrey R. Leitzell sold 2,031 shares of the company’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $117.26, for a total value of $238,155.06. Following the completion of the transaction, the executive vice president now directly owns 37,607 shares in the company, valued at approximately $4,409,796.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Lloyd W. Helms, Jr. sold 4,551 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $130.76, for a total transaction of $595,088.76. Following the completion of the transaction, the chief operating officer now owns 145,259 shares of the company’s stock, valued at $18,994,066.84. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.