Toroso Investments LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG – Get Rating) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,114 shares of the energy exploration company’s stock after purchasing an additional 736 shares during the quarter. Toroso Investments LLC’s holdings in EOG Resources were worth $5,021,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in EOG. AlphaCrest Capital Management LLC bought a new stake in EOG Resources in the fourth quarter worth approximately $258,000. Covestor Ltd bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $84,000. Equitable Holdings Inc. increased its holdings in shares of EOG Resources by 7.6% during the fourth quarter. Equitable Holdings Inc. now owns 3,788 shares of the energy exploration company’s stock valued at $336,000 after acquiring an additional 269 shares in the last quarter. MAI Capital Management grew its holdings in EOG Resources by 34.9% during the fourth quarter. MAI Capital Management now owns 14,576 shares of the energy exploration company’s stock worth $1,295,000 after buying an additional 3,773 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in EOG Resources by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,330,461 shares of the energy exploration company’s stock worth $295,846,000 after buying an additional 209,867 shares in the last quarter. 88.30% of the stock is currently owned by institutional investors.
EOG Resources Price Performance
Shares of EOG Resources stock opened at $126.73 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $74.27 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.25 and a beta of 1.55. The business’s 50-day moving average price is $111.68 and its 200-day moving average price is $118.44. EOG Resources, Inc. has a 12 month low of $70.41 and a 12 month high of $147.99.
EOG Resources (NYSE:EOG – Get Rating) last issued its earnings results on Thursday, August 4th. The energy exploration company reported $2.74 earnings per share for the quarter, missing the consensus estimate of $4.25 by ($1.51). The company had revenue of $7.41 billion for the quarter, compared to analysts’ expectations of $5.58 billion. EOG Resources had a net margin of 25.71% and a return on equity of 32.03%. The company’s revenue was up 79.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.73 earnings per share. Sell-side analysts forecast that EOG Resources, Inc. will post 15.89 EPS for the current fiscal year.
EOG Resources Increases Dividend
The business also recently announced a special dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be issued a dividend of $1.50 per share. The ex-dividend date is Wednesday, September 14th. This is a boost from EOG Resources’s previous special dividend of $1.00. EOG Resources’s dividend payout ratio is currently 30.77%.
Analysts Set New Price Targets
EOG has been the subject of several recent research reports. Piper Sandler decreased their price target on EOG Resources from $164.00 to $160.00 and set an “overweight” rating for the company in a report on Friday, July 22nd. KeyCorp upped their price target on EOG Resources from $136.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, May 26th. Johnson Rice raised EOG Resources from a “hold” rating to a “buy” rating and upped their price target for the company from $155.00 to $165.00 in a research report on Tuesday, May 24th. Truist Financial dropped their price target on EOG Resources from $182.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, August 15th. Finally, Morgan Stanley dropped their price target on EOG Resources from $151.00 to $149.00 and set an “equal weight” rating on the stock in a research report on Monday, August 29th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.
EOG Resources Company Profile
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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