Energy Income Partners LLC raised its position in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 28.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 195,943 shares of the energy exploration company’s stock after purchasing an additional 42,814 shares during the quarter. Energy Income Partners LLC’s holdings in EOG Resources were worth $28,327,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC increased its stake in shares of EOG Resources by 66.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock valued at $2,073,000 after buying an additional 7,877 shares during the period. Ilmarinen Mutual Pension Insurance Co lifted its stake in EOG Resources by 39.2% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock worth $9,136,000 after acquiring an additional 24,500 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in EOG Resources by 2.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock worth $123,451,000 after acquiring an additional 24,984 shares during the period. Cumberland Partners Ltd boosted its holdings in EOG Resources by 432.0% in the fourth quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock valued at $1,625,000 after acquiring an additional 12,562 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in EOG Resources by 8.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company’s stock valued at $32,541,000 after acquiring an additional 24,960 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.
EOG Resources Price Performance
Shares of EOG stock opened at $140.31 on Tuesday. The business’s fifty day moving average is $136.70 and its 200 day moving average is $130.32. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The stock has a market cap of $74.73 billion, a price-to-earnings ratio of 13.81 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 firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.
Analysts Set New Price Targets
EOG has been the subject of several research reports. Piper Sandler upped their price objective on shares of EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, April 1st. Wolfe Research lifted their target price on shares of EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Raymond James Financial reduced their price target on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a research report on Monday, June 22nd. Truist Financial decreased 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 note on Wednesday, July 1st. Finally, Citigroup lowered their price objective 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. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.32.
View Our Latest Research Report 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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