IFM Investors Pty Ltd Grows Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

IFM Investors Pty Ltd increased its position in shares of EOG Resources, Inc. (NYSE:EOGGet Rating) by 8.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 98,526 shares of the energy exploration company’s stock after buying an additional 7,418 shares during the period. IFM Investors Pty Ltd’s holdings in EOG Resources were worth $10,881,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in EOG. Lumature Wealth Partners LLC bought a new stake in shares of EOG Resources during the 1st quarter valued at about $28,000. BDO Wealth Advisors LLC grew its holdings in EOG Resources by 476.2% during the first quarter. BDO Wealth Advisors LLC now owns 242 shares of the energy exploration company’s stock worth $29,000 after acquiring an additional 200 shares during the period. HBC Financial Services PLLC bought a new stake in EOG Resources in the first quarter worth about $33,000. HM Payson & Co. acquired a new stake in EOG Resources in the 1st quarter valued at about $33,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of EOG Resources by 1,436.8% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 292 shares of the energy exploration company’s stock valued at $34,000 after purchasing an additional 273 shares in the last quarter. 88.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EOG has been the topic of several recent analyst reports. Piper Sandler cut their price objective on EOG Resources from $164.00 to $160.00 and set an “overweight” rating on the stock in a report on Friday, July 22nd. Truist Financial decreased their price target on shares of EOG Resources from $182.00 to $175.00 and set a “buy” rating for the company in a report on Monday, August 15th. JPMorgan Chase & Co. raised EOG Resources from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $152.00 to $156.00 in a research report on Thursday, September 15th. Citigroup lifted their target price on shares of EOG Resources from $130.00 to $139.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $146.85.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $118.35 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.29. The business has a 50-day simple moving average of $114.44 and a 200 day simple moving average of $118.62. The firm has a market capitalization of $69.36 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.25 and a beta of 1.55. EOG Resources, Inc. has a one year low of $74.48 and a one year high of $147.99.

EOG Resources (NYSE:EOGGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.25 by ($1.51). The firm had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $5.58 billion. EOG Resources had a return on equity of 32.03% and a net margin of 25.71%. The company’s revenue for the quarter was up 79.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 earnings per share. On average, research analysts anticipate that EOG Resources, Inc. will post 15.61 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be given a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This is a boost from EOG Resources’s previous special dividend of $1.00. EOG Resources’s dividend payout ratio (DPR) is presently 30.77%.

EOG Resources Company Profile

(Get Rating)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.

See Also

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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