NewEdge Wealth LLC grew its position in EOG Resources, Inc. (NYSE:EOG – Free Report) by 9.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 395,923 shares of the energy exploration company’s stock after buying an additional 32,607 shares during the quarter. NewEdge Wealth LLC’s holdings in EOG Resources were worth $57,239,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in EOG. Franklin Resources Inc. increased its stake in EOG Resources by 24.2% in the fourth 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 shares of EOG Resources by 23.9% in the 4th quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock valued at $490,394,000 after purchasing an additional 901,897 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of EOG Resources in the 3rd quarter valued at $87,193,000. Institutional investors own 89.91% of the company’s stock.
EOG Resources Stock Up 0.5%
EOG stock opened at $144.16 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The stock’s 50 day simple moving average is $136.44 and its 200 day simple moving average is $129.52. The company has a market cap of $76.78 billion, a P/E ratio of 14.19 and a beta of 0.25.
EOG Resources Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on EOG shares. Wolfe Research lifted their price target on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Piper Sandler raised their price objective on EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. Wells Fargo & Company set a $196.00 target price on EOG Resources and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Mizuho set a $157.00 target price on EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. dropped their target price on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.32.
Get Our Latest Stock Report on EOG Resources
EOG Resources 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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