Spire Wealth Management Purchases 411 Shares of EOG Resources, Inc. (NYSE:EOG)

Spire Wealth Management boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,368 shares of the energy exploration company’s stock after buying an additional 411 shares during the quarter. Spire Wealth Management’s holdings in EOG Resources were worth $812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mackenzie Financial Corp boosted its position in EOG Resources by 9.1% during the third quarter. Mackenzie Financial Corp now owns 41,075 shares of the energy exploration company’s stock worth $5,103,000 after purchasing an additional 3,432 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in EOG Resources by 4.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 215,595 shares of the energy exploration company’s stock valued at $27,329,000 after acquiring an additional 9,121 shares during the period. NBT Bank N A NY acquired a new stake in EOG Resources during the third quarter worth approximately $368,000. Advisor Partners II LLC lifted its position in EOG Resources by 2.1% during the third quarter. Advisor Partners II LLC now owns 19,092 shares of the energy exploration company’s stock worth $2,420,000 after acquiring an additional 393 shares during the last quarter. Finally, Graypoint LLC lifted its position in EOG Resources by 82.8% during the third quarter. Graypoint LLC now owns 3,413 shares of the energy exploration company’s stock worth $433,000 after acquiring an additional 1,546 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their target price on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Stifel Nicolaus dropped their target price on EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Morgan Stanley upped their price target on shares of EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Benchmark reiterated a “hold” rating on shares of EOG Resources in a research note on Tuesday. Finally, Raymond James decreased their target price on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Fourteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $142.27.

EOG Resources Price Performance

EOG Resources stock opened at $129.83 on Thursday. The stock has a fifty day moving average of $128.17 and a 200-day moving average of $122.33. The stock has a market capitalization of $74.61 billion, a P/E ratio of 10.26 and a beta of 1.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources, Inc. has a 52 week low of $106.32 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last issued its earnings results 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. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same quarter in the previous year, the firm earned $2.69 earnings per share. The business’s quarterly revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts expect that EOG Resources, Inc. will post 12.14 earnings per share 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. Investors of record on Wednesday, July 17th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

EOG Resources 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.