EOG Resources Inc (NYSE:EOG) Shares Bought by MHI Funds LLC

MHI Funds LLC grew its position in shares of EOG Resources Inc (NYSE:EOG) by 42.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,102 shares of the energy exploration company’s stock after purchasing an additional 1,218 shares during the quarter. MHI Funds LLC’s holdings in EOG Resources were worth $304,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of EOG. Advisory Services Network LLC grew its holdings in shares of EOG Resources by 0.8% in the 1st quarter. Advisory Services Network LLC now owns 16,930 shares of the energy exploration company’s stock worth $1,611,000 after acquiring an additional 137 shares during the last quarter. Hotaling Investment Management LLC grew its holdings in shares of EOG Resources by 1.2% in the 2nd quarter. Hotaling Investment Management LLC now owns 12,066 shares of the energy exploration company’s stock worth $1,124,000 after acquiring an additional 139 shares during the last quarter. Foresters Asset Management Inc. grew its holdings in shares of EOG Resources by 53.8% in the 2nd quarter. Foresters Asset Management Inc. now owns 400 shares of the energy exploration company’s stock worth $38,000 after acquiring an additional 140 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of EOG Resources by 7.3% in the 2nd quarter. Parallel Advisors LLC now owns 2,140 shares of the energy exploration company’s stock worth $199,000 after acquiring an additional 146 shares during the last quarter. Finally, Nicolet Bankshares Inc. grew its holdings in shares of EOG Resources by 3.8% in the 2nd quarter. Nicolet Bankshares Inc. now owns 4,847 shares of the energy exploration company’s stock worth $452,000 after acquiring an additional 176 shares during the last quarter. Institutional investors own 86.54% of the company’s stock.

Shares of EOG stock traded down $1.73 on Thursday, reaching $66.45. 173,114 shares of the company’s stock traded hands, compared to its average volume of 4,079,270. EOG Resources Inc has a 12-month low of $66.01 and a 12-month high of $122.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.02. The company has a market capitalization of $39.60 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 1.59 and a beta of 1.34. The business’s 50 day moving average price is $74.88 and its two-hundred day moving average price is $85.68.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.02). EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The firm had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same period in the previous year, the business posted $1.37 EPS. EOG Resources’s revenue for the quarter was up 10.8% on a year-over-year basis. Research analysts predict that EOG Resources Inc will post 4.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.73%. EOG Resources’s payout ratio is presently 20.76%.

A number of brokerages recently issued reports on EOG. Piper Jaffray Companies set a $111.00 target price on EOG Resources and gave the stock a “buy” rating in a report on Friday, August 16th. Wells Fargo & Co lifted their target price on EOG Resources from $101.00 to $103.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. TheStreet cut EOG Resources from a “b-” rating to a “c” rating in a report on Thursday, August 15th. Oppenheimer decreased their target price on EOG Resources from $111.00 to $102.00 and set an “outperform” rating on the stock in a report on Thursday, August 22nd. Finally, Raymond James decreased their target price on EOG Resources from $105.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $110.38.

EOG Resources Company Profile

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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