BankChampaign National Association bought a new stake in EOG Resources, Inc. (NYSE:EOG – Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,134 shares of the energy exploration company’s stock, valued at approximately $598,000.
Several other hedge funds have also modified their holdings of EOG. Twin Capital Management Inc. boosted its stake in shares of EOG Resources by 0.3% in the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock valued at $3,467,000 after purchasing an additional 79 shares during the period. Hardy Reed LLC increased its stake in EOG Resources by 3.8% during the 1st quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock worth $325,000 after buying an additional 82 shares during the period. Legacy Wealth Managment LLC ID increased its stake in EOG Resources by 39.5% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 311 shares of the energy exploration company’s stock worth $45,000 after buying an additional 88 shares during the period. Fulton Bank N.A. lifted its holdings in EOG Resources by 2.1% in the 1st quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock worth $662,000 after buying an additional 93 shares in the last quarter. Finally, Ethos Financial Group LLC lifted its holdings in EOG Resources by 2.5% in the 4th quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock worth $439,000 after buying an additional 100 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.
EOG Resources Price Performance
EOG opened at $145.56 on Friday. The company has a 50-day moving average of $136.81 and a 200-day moving average of $131.15. The company has a market capitalization of $77.53 billion, a P/E ratio of 14.33 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 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 Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.
Analyst Ratings Changes
EOG has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on shares of EOG Resources from $160.00 to $156.00 and set an “equal weight” rating for the company in a research report on Friday, June 26th. Wall Street Zen upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Williams Trading set a $177.00 price target on EOG Resources in a report on Monday, April 20th. Truist Financial reduced their price target on EOG Resources from $149.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, July 1st. Finally, Raymond James Financial lowered their price objective on 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. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and a consensus target price of $155.32.
View Our Latest Research Report on EOG
About EOG Resources
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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