Beese Fulmer Investment Management Inc. Decreases Position in EOG Resources Inc (NYSE:EOG)

Beese Fulmer Investment Management Inc. lessened its holdings in shares of EOG Resources Inc (NYSE:EOG) by 0.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 54,374 shares of the energy exploration company’s stock after selling 240 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in EOG Resources were worth $5,065,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EOG. Guidant Wealth Advisors grew its position in EOG Resources by 50.5% during the 1st quarter. Guidant Wealth Advisors now owns 301 shares of the energy exploration company’s stock worth $29,000 after purchasing an additional 101 shares during the period. Valeo Financial Advisors LLC grew its position in EOG Resources by 76.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 261 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 113 shares during the period. Icon Wealth Partners LLC grew its position in EOG Resources by 9.7% during the 1st quarter. Icon Wealth Partners LLC now owns 1,288 shares of the energy exploration company’s stock worth $123,000 after purchasing an additional 114 shares during the period. Resources Management Corp CT ADV grew its position in EOG Resources by 9.3% during the 4th quarter. Resources Management Corp CT ADV now owns 1,355 shares of the energy exploration company’s stock worth $118,000 after purchasing an additional 115 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in EOG Resources by 0.8% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 14,442 shares of the energy exploration company’s stock worth $1,259,000 after purchasing an additional 115 shares during the period. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Several equities research analysts have weighed in on EOG shares. Goldman Sachs Group set a $27.00 price target on Melco Resorts & Entertainment and gave the stock a “buy” rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of in a research report on Friday, June 28th. Oppenheimer set a $68.00 target price on shares of ITT and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Citigroup increased their target price on shares of Walt Disney from $126.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Finally, MKM Partners raised shares of Matador Resources from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have issued a buy rating to the company. EOG Resources currently has an average rating of “Buy” and an average price target of $120.54.

EOG Resources stock traded up $0.38 during midday trading on Tuesday, reaching $87.59. The company had a trading volume of 2,207,831 shares, compared to its average volume of 3,775,984. The company has a market capitalization of $50.92 billion, a P/E ratio of 15.81, a P/E/G ratio of 1.44 and a beta of 1.33. EOG Resources Inc has a 12-month low of $80.41 and a 12-month high of $133.53. The business has a fifty day moving average of $88.34. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.16. The firm had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.92 billion. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. EOG Resources’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the company posted $1.19 EPS. On average, research analysts forecast that EOG Resources Inc will post 5.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Tuesday, July 16th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.22. This represents a $1.15 dividend on an annualized basis and a yield of 1.31%. EOG Resources’s dividend payout ratio (DPR) is currently 20.76%.

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.

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

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