Johnson Financial Group Inc. Acquires 3,607 Shares of EOG Resources, Inc. $EOG

Johnson Financial Group Inc. lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 14.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,145 shares of the energy exploration company’s stock after acquiring an additional 3,607 shares during the quarter. Johnson Financial Group Inc.’s holdings in EOG Resources were worth $4,213,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of EOG. Acumen Wealth Advisors LLC bought a new position in EOG Resources in the 4th quarter valued at $25,000. SJS Investment Consulting Inc. raised its stake in shares of EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 124 shares during the period. Prosperity Bancshares Inc purchased a new position in shares of EOG Resources in the 4th quarter worth about $26,000. Nemes Rush Group LLC bought a new position in EOG Resources during the fourth quarter valued at about $30,000. Finally, Financial Life Planners bought a new position in EOG Resources during the first quarter valued at about $30,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Price Performance

Shares of NYSE EOG opened at $141.04 on Tuesday. 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, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The stock has a market cap of $75.12 billion, a PE ratio of 13.88 and a beta of 0.25. The stock has a fifty day moving average of $136.07 and a 200-day moving average of $128.97.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the firm posted $2.87 EPS. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. Equities research analysts anticipate that EOG Resources, Inc. will post 16.19 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

Wall Street Analysts Forecast Growth

Several analysts have commented on EOG shares. Susquehanna lifted their price objective on shares of EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a research report on Tuesday, April 21st. Roth Capital reaffirmed a “neutral” rating and issued a $136.00 price target on shares of EOG Resources in a report on Wednesday, May 6th. Weiss Ratings raised EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Truist Financial lowered their target price on EOG Resources from $149.00 to $134.00 and set a “hold” rating on the stock in a research note on Wednesday, July 1st. Finally, JPMorgan Chase & Co. cut their price target on EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. One research 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $155.04.

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.