EOG Resources, Inc. (NYSE:EOG) Shares Purchased by LSV Asset Management

LSV Asset Management boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 186,700 shares of the energy exploration company’s stock after acquiring an additional 1,000 shares during the period. LSV Asset Management’s holdings in EOG Resources were worth $22,581,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Covestor Ltd grew its holdings in shares of EOG Resources by 7.2% during the third quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock worth $154,000 after buying an additional 82 shares during the last quarter. ORG Partners LLC boosted its holdings in EOG Resources by 1.0% in the 3rd quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock valued at $1,118,000 after purchasing an additional 84 shares in the last quarter. Sandy Spring Bank boosted its holdings in EOG Resources by 1.0% in the 3rd quarter. Sandy Spring Bank now owns 9,077 shares of the energy exploration company’s stock valued at $1,151,000 after purchasing an additional 86 shares in the last quarter. Bison Wealth LLC boosted its holdings in EOG Resources by 1.6% in the 3rd quarter. Bison Wealth LLC now owns 5,384 shares of the energy exploration company’s stock valued at $682,000 after purchasing an additional 86 shares in the last quarter. Finally, Fragasso Group Inc. boosted its holdings in EOG Resources by 2.2% in the 4th quarter. Fragasso Group Inc. now owns 3,912 shares of the energy exploration company’s stock valued at $473,000 after purchasing an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.4 %

Shares of EOG Resources stock opened at $130.48 on Tuesday. The company has a fifty day moving average price of $127.84 and a 200 day moving average price of $122.35. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67. The stock has a market cap of $74.99 billion, a price-to-earnings ratio of 10.31 and a beta of 1.38.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the prior year, the company earned $2.69 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post 12.14 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.79%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Analysts Set New Price Targets

A number of brokerages have weighed in on EOG. KeyCorp lifted their price objective on EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Stifel Nicolaus reduced their price target on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Citigroup lifted their price target on shares of EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Piper Sandler lifted their price target on shares of EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research report on Tuesday, April 9th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $142.27.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.