Conscious Wealth Investments LLC Acquires 14,116 Shares of EOG Resources, Inc. $EOG

Conscious Wealth Investments LLC raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 87.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,202 shares of the energy exploration company’s stock after buying an additional 14,116 shares during the quarter. EOG Resources comprises 2.4% of Conscious Wealth Investments LLC’s investment portfolio, making the stock its 20th largest holding. Conscious Wealth Investments LLC’s holdings in EOG Resources were worth $3,998,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. raised its stake in EOG Resources by 24.2% during 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 during the last quarter. First Trust Advisors LP grew its position in EOG Resources by 70.5% in the 4th 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 during the last quarter. Marshall Wace LLP grew its position in EOG Resources by 474.7% in the 4th 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 during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of EOG Resources by 23.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock worth $490,394,000 after purchasing an additional 901,897 shares during the period. Finally, Capital World Investors increased its holdings in shares of EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after purchasing an additional 782,426 shares during the period. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Down 0.4%

Shares of EOG Resources stock opened at $132.05 on Tuesday. The stock has a market capitalization of $70.33 billion, a P/E ratio of 13.00 and a beta of 0.25. The company has a 50-day simple moving average of $135.78 and a 200 day simple moving average of $125.81. 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, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping the consensus estimate of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.EOG Resources’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.87 EPS. Research analysts expect that EOG Resources, Inc. will post 16.64 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is presently 40.16%.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research analyst reports. Mizuho set a $157.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Truist Financial boosted their price target on EOG Resources from $146.00 to $149.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Wall Street Zen raised EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Wolfe Research raised their price objective on EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Finally, Williams Trading set a $177.00 price objective on EOG Resources in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and an average target price of $155.86.

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.