Moran Wealth Management LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 4.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 301,981 shares of the energy exploration company’s stock after buying an additional 11,862 shares during the quarter. EOG Resources comprises about 1.3% of Moran Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Moran Wealth Management LLC’s holdings in EOG Resources were worth $43,657,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. increased its holdings in shares of EOG Resources by 24.2% in the 4th quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock valued at $676,627,000 after acquiring an additional 1,257,110 shares during the last quarter. First Trust Advisors LP lifted its stake in EOG Resources by 70.5% during the fourth quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock worth $312,711,000 after purchasing an additional 1,231,366 shares during the last quarter. Marshall Wace LLP lifted its stake in EOG Resources by 474.7% during the fourth quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock worth $138,430,000 after purchasing an additional 1,088,867 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in EOG Resources by 23.9% in the fourth quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock worth $490,394,000 after purchasing an additional 901,897 shares during the period. Finally, Capital World Investors boosted its holdings in EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after purchasing an additional 782,426 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.
EOG Resources Price Performance
Shares of NYSE EOG opened at $130.81 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The firm has a market capitalization of $69.67 billion, a PE ratio of 12.87 and a beta of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The business’s fifty day moving average price is $135.71 and its two-hundred day moving average price is $126.27.
EOG Resources Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.
Wall Street Analyst Weigh In
Several research firms have weighed in on EOG. Williams Trading set a $177.00 target price on shares of EOG Resources in a research note on Monday, April 20th. Capital One Financial reduced their price target on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Roth Mkm reaffirmed a “neutral” rating and issued a $136.00 price target on shares of EOG Resources in a report on Wednesday, May 6th. Weiss Ratings raised shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, Citigroup reaffirmed a “neutral” rating and set a $147.00 price objective (up from $142.00) on shares of EOG Resources in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and a consensus price target of $155.25.
View Our Latest Analysis on EOG Resources
EOG Resources Company Profile
EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).
As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.
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