FDx Advisors Inc. Has $81,000 Stock Position in EOG Resources Inc (NYSE:EOG)
FDx Advisors Inc. increased its position in shares of EOG Resources Inc (NYSE:EOG) by 1,017.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,234 shares of the energy exploration company’s stock after buying an additional 53,933 shares during the quarter. FDx Advisors Inc.’s holdings in EOG Resources were worth $81,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of EOG. Capital International Investors raised its stake in EOG Resources by 28.3% during the 1st quarter. Capital International Investors now owns 55,138,808 shares of the energy exploration company’s stock worth $1,980,582,000 after buying an additional 12,170,763 shares during the period. Capital Research Global Investors raised its stake in EOG Resources by 20.7% during the 4th quarter. Capital Research Global Investors now owns 60,548,187 shares of the energy exploration company’s stock worth $5,071,515,000 after buying an additional 10,383,669 shares during the period. Norges Bank acquired a new position in EOG Resources during the 4th quarter worth approximately $447,634,000. BlackRock Inc. raised its stake in EOG Resources by 8.7% during the 1st quarter. BlackRock Inc. now owns 39,958,429 shares of the energy exploration company’s stock worth $1,435,306,000 after buying an additional 3,205,740 shares during the period. Finally, State Street Corp raised its stake in EOG Resources by 8.5% during the 1st quarter. State Street Corp now owns 30,595,808 shares of the energy exploration company’s stock worth $1,099,001,000 after buying an additional 2,394,120 shares during the period. 87.13% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on EOG shares. TD Securities upped their price target on EOG Resources from $52.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Stifel Nicolaus boosted their price objective on EOG Resources from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Standpoint Research lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Piper Sandler lowered EOG Resources from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $113.00 to $39.00 in a report on Tuesday, March 24th. Finally, Bank of America lowered EOG Resources from a “buy” rating to a “neutral” rating in a report on Monday, June 1st. Twelve equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. EOG Resources currently has an average rating of “Buy” and an average target price of $71.67.
EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 7th. The energy exploration company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.11). EOG Resources had a net margin of 11.69% and a return on equity of 11.89%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same period last year, the company posted $1.19 earnings per share. EOG Resources’s revenue for the quarter was up 16.2% on a year-over-year basis. On average, research analysts expect that EOG Resources Inc will post 0.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, July 16th. EOG Resources’s dividend payout ratio (DPR) is 30.12%.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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