Fielder Capital Group LLC Acquires New Shares in EOG Resources, Inc. (NYSE:EOG)

Fielder Capital Group LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,149 shares of the energy exploration company’s stock, valued at approximately $865,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Robeco Institutional Asset Management B.V. increased its stake in shares of EOG Resources by 82.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 59,341 shares of the energy exploration company’s stock worth $7,522,000 after purchasing an additional 26,851 shares in the last quarter. Sage Mountain Advisors LLC purchased a new position in EOG Resources during the third quarter worth $336,000. Chicago Capital LLC acquired a new position in shares of EOG Resources in the third quarter worth $210,000. Concord Wealth Partners lifted its position in shares of EOG Resources by 89.5% in the third quarter. Concord Wealth Partners now owns 5,133 shares of the energy exploration company’s stock valued at $651,000 after acquiring an additional 2,424 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its stake in shares of EOG Resources by 4.4% during the third quarter. Lindbrook Capital LLC now owns 2,374 shares of the energy exploration company’s stock valued at $301,000 after acquiring an additional 99 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Tuesday. TD Cowen raised their target price on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Stifel Nicolaus cut their price target on EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Truist Financial lowered their price objective on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, Scotiabank downgraded EOG Resources from a “sector outperform” rating to a “sector perform” rating and increased their target price for the stock from $135.00 to $155.00 in a research report on Thursday, April 11th. Fourteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $142.27.

EOG Resources Stock Performance

Shares of EOG traded down $0.22 during mid-day trading on Tuesday, hitting $130.26. The stock had a trading volume of 3,262,255 shares, compared to its average volume of 3,392,364. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The company has a market cap of $74.86 billion, a PE ratio of 10.31 and a beta of 1.38. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The company’s fifty day simple moving average is $127.84 and its two-hundred day simple moving average is $122.35.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. The company had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. EOG Resources’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.69 earnings per share. On average, equities analysts expect that EOG Resources, Inc. will post 12.14 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

EOG Resources Profile

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.