EOG Resources, Inc. (NYSE:EOG) Holdings Lifted by Strs Ohio

Strs Ohio grew its position in EOG Resources, Inc. (NYSE:EOG) by 75.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 287,582 shares of the energy exploration company’s stock after purchasing an additional 123,474 shares during the period. Strs Ohio’s holdings in EOG Resources were worth $34,783,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortis Capital Advisors LLC acquired a new stake in shares of EOG Resources in the 4th quarter worth approximately $28,000. Lumature Wealth Partners LLC acquired a new stake in shares of EOG Resources in the 1st quarter worth approximately $28,000. McIlrath & Eck LLC lifted its stake in shares of EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 104 shares during the period. Peoples Bank KS acquired a new stake in shares of EOG Resources in the 3rd quarter worth approximately $31,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 212 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on EOG shares. TD Securities reduced their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Truist Financial reduced their price target on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a research note on Tuesday, April 9th. Bank of America lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and cut their target price for the company from $147.00 to $140.00 in a research note on Friday, January 5th. Finally, Susquehanna cut their target price on shares of EOG Resources from $164.00 to $147.00 and set a “positive” rating for the company in a research note on Friday, January 26th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $140.90.

EOG Resources Stock Down 1.5 %

EOG Resources stock opened at $132.39 on Tuesday. The firm has a market cap of $76.15 billion, a PE ratio of 10.18 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The firm’s 50 day moving average price is $121.81 and its two-hundred day moving average price is $121.80. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). The company had revenue of $6.36 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.30 EPS. On average, research analysts predict that EOG Resources, Inc. will post 11.95 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm 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 dividend of $0.91 per share. The ex-dividend date is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.75%. EOG Resources’s dividend payout ratio (DPR) is 27.98%.

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.