Syon Capital LLC Buys 405 Shares of EOG Resources, Inc. (NYSE:EOG)

Syon Capital LLC boosted its stake in EOG Resources, Inc. (NYSE:EOG) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,303 shares of the energy exploration company’s stock after purchasing an additional 405 shares during the quarter. Syon Capital LLC’s holdings in EOG Resources were worth $520,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. McIlrath & Eck LLC increased its stake in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 104 shares during the last quarter. Peoples Bank KS bought a new stake in EOG Resources during the third quarter valued at approximately $31,000. Exchange Traded Concepts LLC grew its stake in EOG Resources by 530.0% in 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 in the last quarter. Hall Laurie J Trustee bought a new position in shares of EOG Resources in the 4th quarter worth $36,000. Finally, Keener Financial Planning LLC purchased a new stake in shares of EOG Resources during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Truist Financial dropped their target price 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. Bank of America cut shares of EOG Resources from a “buy” rating to a “neutral” rating and cut their price objective for the company from $147.00 to $140.00 in a research note on Friday, January 5th. Piper Sandler lifted their target price on shares of EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Royal Bank of Canada restated a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research report on Tuesday, April 9th. Finally, Citigroup boosted their target price on EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $142.19.

EOG Resources Stock Performance

Shares of EOG stock opened at $135.71 on Friday. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12-month low of $106.32 and a 12-month high of $139.67. The business’s 50 day moving average is $125.70 and its two-hundred day moving average is $122.51. The company has a market capitalization of $78.06 billion, a P/E ratio of 10.43 and a beta of 1.40.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The company had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.30 earnings per share. Analysts expect that EOG Resources, Inc. will post 12.29 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

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.