EOG Resources, Inc. (NYSE:EOG) Stock Position Increased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lifted its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 4.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,208 shares of the energy exploration company’s stock after purchasing an additional 11,173 shares during the period. Royal London Asset Management Ltd.’s holdings in EOG Resources were worth $31,096,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in shares of EOG Resources during the second quarter valued at $25,000. Fortis Capital Advisors LLC purchased a new position in shares of EOG Resources during the fourth quarter valued at $28,000. Lumature Wealth Partners LLC purchased a new position in shares of EOG Resources during the first quarter valued at $28,000. Peoples Bank KS purchased a new position in EOG Resources in the third quarter valued at about $31,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in EOG Resources by 1,436.8% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 292 shares of the energy exploration company’s stock valued at $34,000 after purchasing an additional 273 shares in the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on EOG. Piper Sandler lowered their target price on EOG Resources from $153.00 to $141.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group decreased their price target on EOG Resources from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, December 14th. Stifel Nicolaus decreased their price target on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Bank of America cut EOG Resources from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $147.00 to $140.00 in a research report on Friday, January 5th. Finally, Morgan Stanley cut EOG Resources from an “overweight” rating to an “equal weight” rating and set a $134.00 price objective for the company. in a research report on Monday, December 11th. Eleven 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $141.80.

View Our Latest Analysis on EOG Resources

EOG Resources Stock Up 1.2 %

NYSE EOG opened at $117.86 on Friday. The firm has a market cap of $68.36 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 0.35 and a beta of 1.39. EOG Resources, Inc. has a one year low of $98.52 and a one year high of $136.79. The stock’s 50 day simple moving average is $114.61 and its 200 day simple moving average is $122.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13.

EOG Resources (NYSE:EOGGet Free Report) last announced its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.30 earnings per share. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.48 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is currently 27.98%.

EOG Resources Profile

(Free Report)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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