AIA Group Ltd Has $1.23 Million Stake in EOG Resources, Inc. (NYSE:EOG)

AIA Group Ltd lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 128.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,203 shares of the energy exploration company’s stock after acquiring an additional 5,728 shares during the quarter. AIA Group Ltd’s holdings in EOG Resources were worth $1,234,000 at the end of the most recent reporting period.

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

EOG Resources Stock Performance

Shares of EOG opened at $131.76 on Friday. 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 stock has a 50 day moving average price of $123.00 and a two-hundred day moving average price of $121.99. The firm has a market capitalization of $75.79 billion, a P/E ratio of 10.13 and a beta of 1.40. EOG Resources, Inc. has a 52 week low of $106.32 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.30 earnings per share. Equities analysts forecast that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio is currently 27.98%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Piper Sandler cut their target price on EOG Resources from $153.00 to $141.00 and set an “overweight” rating on the stock in a report on Thursday, March 7th. Citigroup lifted their target price on EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, March 18th. Mizuho lifted their target price on EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. lifted their target price on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, March 28th. Finally, Susquehanna cut their target price on EOG Resources from $164.00 to $147.00 and set a “positive” rating on the stock in a report on Friday, January 26th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $140.90.

EOG Resources Company 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.