EOG Resources, Inc. $EOG Position Reduced by Graphene Investments SAS

Graphene Investments SAS reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 32.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,400 shares of the energy exploration company’s stock after selling 10,000 shares during the period. EOG Resources comprises approximately 2.0% of Graphene Investments SAS’s holdings, making the stock its 29th biggest position. Graphene Investments SAS’s holdings in EOG Resources were worth $2,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. raised its stake in shares of EOG Resources by 24.2% in the 4th quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock valued at $676,627,000 after purchasing an additional 1,257,110 shares in the last quarter. First Trust Advisors LP grew its stake in EOG Resources by 70.5% in the fourth quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock worth $312,711,000 after purchasing an additional 1,231,366 shares in the last quarter. Marshall Wace LLP grew its stake in EOG Resources by 474.7% in the fourth quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock worth $138,430,000 after purchasing an additional 1,088,867 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in EOG Resources by 23.9% in the fourth quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock valued at $490,394,000 after buying an additional 901,897 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in EOG Resources in the third quarter valued at about $87,193,000. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on EOG. BMO Capital Markets increased their target price on EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Zacks Research downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Truist Financial dropped their price target on EOG Resources from $149.00 to $134.00 and set a “hold” rating on the stock in a research report on Wednesday, July 1st. Mizuho set a $157.00 price objective on EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Finally, DA Davidson raised their price objective on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. 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 company. According to MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.04.

EOG Resources Price Performance

EOG opened at $138.41 on Friday. The firm has a market cap of $73.72 billion, a price-to-earnings ratio of 13.62 and a beta of 0.25. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company’s 50-day moving average price is $135.72 and its 200 day moving average price is $128.47. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last issued its earnings results 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 net margin of 23.01% and a return on equity of 19.25%. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter last year, the company posted $2.87 earnings per share. EOG Resources’s revenue was up 22.1% on a year-over-year basis. As a group, sell-side analysts expect that EOG Resources, Inc. will post 16.19 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. 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.