Apollon Wealth Management LLC Raises Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Apollon Wealth Management LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 114.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,350 shares of the energy exploration company’s stock after acquiring an additional 12,480 shares during the period. Apollon Wealth Management LLC’s holdings in EOG Resources were worth $2,824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Qube Research & Technologies Ltd raised its holdings in EOG Resources by 863.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock worth $139,445,000 after purchasing an additional 985,884 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of EOG Resources by 8.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after acquiring an additional 892,951 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of EOG Resources in the 3rd quarter worth approximately $71,596,000. Invesco Ltd. lifted its stake in shares of EOG Resources by 15.2% in the 3rd quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock valued at $443,088,000 after purchasing an additional 460,872 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in EOG Resources by 38.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,474,807 shares of the energy exploration company’s stock worth $186,946,000 after purchasing an additional 408,833 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EOG has been the topic of a number of recent research reports. Stifel Nicolaus reduced their target price on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Mizuho lifted their target price on shares of EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a report on Monday, April 15th. Scotiabank downgraded EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their price target for the stock from $135.00 to $155.00 in a research note on Thursday, April 11th. TD Securities lowered their price objective on EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Finally, Susquehanna raised their price target on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Fourteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $142.27.

EOG Resources Stock Performance

NYSE EOG traded down $0.25 on Tuesday, hitting $130.23. 3,262,261 shares of the company traded hands, compared to its average volume of 3,392,364. The business’s 50 day moving average price is $127.84 and its 200-day moving average price is $122.35. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $74.84 billion, a price-to-earnings ratio of 10.31 and a beta of 1.38.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the company posted $2.69 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. Equities analysts expect that EOG Resources, Inc. will post 12.14 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.80%. EOG Resources’s payout ratio is 28.75%.

EOG Resources Company 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.