ABC Arbitrage SA cut its stake in EOG Resources, Inc. (NYSE:EOG – Free Report) by 94.0% during the 1st quarter, HoldingsChannel reports. The fund owned 1,821 shares of the energy exploration company’s stock after selling 28,424 shares during the period. ABC Arbitrage SA’s holdings in EOG Resources were worth $263,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Acumen Wealth Advisors LLC acquired a new position in EOG Resources in the fourth quarter worth $25,000. SJS Investment Consulting Inc. boosted its holdings in shares of EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 124 shares during the period. Prosperity Bancshares Inc acquired a new position in shares of EOG Resources in the 4th quarter valued at about $26,000. Nemes Rush Group LLC bought a new stake in shares of EOG Resources during the 4th quarter valued at about $30,000. Finally, Financial Life Planners bought a new stake in shares of EOG Resources during the 1st quarter valued at about $30,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.
EOG Resources Trading Down 1.1%
Shares of NYSE:EOG opened at $138.10 on Wednesday. The company has a 50 day moving average of $135.51 and a 200-day moving average of $127.99. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The firm has a market cap of $73.56 billion, a P/E ratio of 13.59 and a beta of 0.25. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87.
EOG Resources Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on EOG. JPMorgan Chase & Co. cut their price target on EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Citigroup reduced their price target on shares of EOG Resources from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Truist Financial lowered their price target on shares of EOG Resources from $149.00 to $134.00 and set a “hold” rating for the company in a research report on Wednesday, July 1st. DA Davidson increased their price objective on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Wolfe Research boosted their price objective on EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.04.
Read Our Latest Stock Report on EOG
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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