Algert Global LLC Grows Stake in EOG Resources Inc (NYSE:EOG)

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Algert Global LLC lifted its stake in EOG Resources Inc (NYSE:EOG) by 92.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,287 shares of the energy exploration company’s stock after purchasing an additional 2,055 shares during the quarter. Algert Global LLC’s holdings in EOG Resources were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC raised its position in EOG Resources by 131.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 275 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 156 shares during the period. Knuff & Co LLC acquired a new stake in shares of EOG Resources in the second quarter valued at $28,000. Truvestments Capital LLC acquired a new stake in shares of EOG Resources in the second quarter valued at $33,000. Tortoise Investment Management LLC acquired a new stake in shares of EOG Resources in the second quarter valued at $34,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in EOG Resources during the 2nd quarter worth $37,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

EOG Resources stock traded up $0.34 during mid-day trading on Friday, reaching $69.25. The company’s stock had a trading volume of 4,919,358 shares, compared to its average volume of 4,333,340. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.02. EOG Resources Inc has a 12 month low of $68.09 and a 12 month high of $123.78. The company has a market capitalization of $40.21 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.59 and a beta of 1.34. The business’s 50 day simple moving average is $75.27 and its 200 day simple moving average is $86.31.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.02). The company had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.41 billion. EOG Resources had a net margin of 19.69% and a return on equity of 16.25%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share. As a group, sell-side analysts expect that EOG Resources Inc will post 4.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.2875 per share. The ex-dividend date is Wednesday, October 16th. This represents a $1.15 annualized dividend and a yield of 1.66%. EOG Resources’s payout ratio is 20.76%.

Several analysts have recently weighed in on EOG shares. Wells Fargo & Co boosted their target price on EOG Resources from $101.00 to $103.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Guggenheim set a $108.00 target price on EOG Resources and gave the company a “buy” rating in a report on Wednesday, August 21st. ValuEngine raised EOG Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Citigroup dropped their target price on EOG Resources from $116.00 to $93.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Finally, TheStreet cut EOG Resources from a “b-” rating to a “c” rating in a report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $111.57.

EOG Resources 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.

Further Reading: Average Daily Trade Volume – ADTV

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

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