Strs Ohio reduced its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,623 shares of the energy exploration company’s stock after selling 7,218 shares during the period. Strs Ohio’s holdings in EOG Resources were worth $16,860,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Acumen Wealth Advisors LLC purchased a new position in EOG Resources during the 4th quarter valued at about $25,000. SJS Investment Consulting Inc. lifted its position in shares of EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares in the last quarter. Prosperity Bancshares Inc acquired a new stake in shares of EOG Resources during the fourth quarter worth approximately $26,000. Nemes Rush Group LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth approximately $30,000. Finally, Financial Life Planners purchased a new position in EOG Resources during the first quarter valued at approximately $30,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have weighed in on EOG shares. Barclays upped their price objective on shares of EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Raymond James Financial decreased their target price on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating for the company in a research note on Monday, June 22nd. DA Davidson boosted their price target on shares of EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a report on Thursday, May 7th. UBS Group dropped their price target on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, BMO Capital Markets increased their price objective on EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.
EOG Resources Price Performance
Shares of NYSE:EOG opened at $130.81 on Friday. The stock has a market capitalization of $69.67 billion, a P/E ratio of 12.87 and a beta of 0.25. The business has a 50-day moving average of $135.71 and a two-hundred day moving average of $126.27. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.
EOG Resources (NYSE:EOG – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the prior year, the firm posted $2.87 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, equities research analysts predict that EOG Resources, Inc. will post 16.23 EPS for the current fiscal year.
EOG Resources Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. EOG Resources’s dividend payout ratio is presently 40.16%.
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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