Cullen Capital Management LLC Boosts Holdings in EOG Resources, Inc. $EOG

Cullen Capital Management LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 4.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 576,470 shares of the energy exploration company’s stock after purchasing an additional 25,753 shares during the period. Cullen Capital Management LLC’s holdings in EOG Resources were worth $68,952,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EOG. Caitong International Asset Management Co. Ltd boosted its position in EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 219 shares during the period. Saudi Central Bank bought a new stake in shares of EOG Resources in the 1st quarter valued at about $28,000. Raleigh Capital Management Inc. purchased a new stake in EOG Resources during the 2nd quarter valued at about $29,000. ORG Partners LLC grew its position in EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after acquiring an additional 88 shares during the last quarter. Finally, Keener Financial Planning LLC bought a new position in EOG Resources during the 2nd quarter worth approximately $35,000. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Melius Research assumed coverage on EOG Resources in a research report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective for the company. Siebert Williams Shank decreased their target price on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Melius initiated coverage on shares of EOG Resources in a report on Wednesday, August 20th. They set a “buy” rating and a $173.00 price target for the company. KeyCorp dropped their price target on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, September 3rd. Finally, Wells Fargo & Company decreased their price objective on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat, EOG Resources has an average rating of “Hold” and an average target price of $139.43.

Read Our Latest Report on EOG Resources

EOG Resources Stock Performance

Shares of EOG stock opened at $108.01 on Monday. The firm has a market capitalization of $58.61 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 8.17 and a beta of 0.49. The stock has a fifty day moving average of $108.00 and a 200 day moving average of $115.05. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.89 EPS. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is presently 40.64%.

EOG Resources Company Profile

(Free Report)

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.

Analyst Upgrades and Downgrades

EOG Resources Stock Performance

EOG Resources Dividend Announcement

EOG Resources Company Profile

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