OMERS ADMINISTRATION Corp Has $4.37 Million Stock Position in EOG Resources, Inc. $EOG

OMERS ADMINISTRATION Corp lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 24.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,241 shares of the energy exploration company’s stock after purchasing an additional 5,865 shares during the period. OMERS ADMINISTRATION Corp’s holdings in EOG Resources were worth $4,372,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Acumen Wealth Advisors LLC acquired a new stake in EOG Resources in the fourth quarter valued at $25,000. SJS Investment Consulting Inc. lifted its holdings in EOG Resources by 225.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after buying an additional 124 shares during the period. Prosperity Bancshares Inc bought a new stake in shares of EOG Resources in the 4th quarter valued at about $26,000. Nemes Rush Group LLC bought a new stake in shares of EOG Resources in the 4th quarter valued at about $30,000. Finally, Financial Life Planners bought a new stake in shares of EOG Resources in the 1st quarter valued at about $30,000. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EOG shares. Wells Fargo & Company set a $196.00 price objective on EOG Resources and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Truist Financial reduced their target price on EOG Resources from $149.00 to $134.00 and set a “hold” rating on the stock in a report on Wednesday, July 1st. Scotiabank increased their target price on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. DA Davidson raised their price target on shares of EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Mizuho set a $157.00 price target on shares of EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Moderate Buy” and a consensus price target of $155.32.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $140.31 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $136.70 and a two-hundred day moving average price of $130.32. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a market cap of $74.73 billion, a P/E ratio of 13.81 and a beta of 0.25.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the company posted $2.87 EPS. As a group, analysts anticipate that EOG Resources, Inc. will post 16.16 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s payout ratio is presently 40.16%.

About EOG Resources

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.