Lazard Asset Management LLC reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 18.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,925 shares of the energy exploration company’s stock after selling 17,562 shares during the period. Lazard Asset Management LLC’s holdings in EOG Resources were worth $11,121,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the business. Acumen Wealth Advisors LLC bought a new position in shares of EOG Resources during the fourth quarter valued at approximately $25,000. SJS Investment Consulting Inc. lifted its holdings in shares of EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. Prosperity Bancshares Inc bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $26,000. Nemes Rush Group LLC bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $30,000. Finally, Financial Life Planners purchased a new stake in shares of EOG Resources in the 1st quarter worth approximately $30,000. Institutional investors own 89.91% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Mizuho set a $157.00 price objective on EOG Resources and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Jefferies Financial Group reissued a “buy” rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Wolfe Research raised their price target on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Sanford C. Bernstein lowered their price target on EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, May 20th. Finally, Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. One research 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.32.
EOG Resources Stock Performance
EOG stock opened at $145.89 on Thursday. The stock has a market capitalization of $77.70 billion, a PE ratio of 14.36 and a beta of 0.25. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87. 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 stock’s 50 day simple moving average is $136.69 and its 200 day simple moving average is $130.87.
EOG Resources (NYSE:EOG – Get Free Report) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The company’s revenue was up 22.1% compared to the same quarter last year. During the same period last year, the business posted $2.87 EPS. As a group, research analysts forecast that EOG Resources, Inc. will post 16.16 earnings per share for the current fiscal year.
EOG Resources Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 annualized dividend and a dividend yield of 2.8%. EOG Resources’s dividend payout ratio (DPR) is 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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