EOG Resources, Inc. $EOG Shares Acquired by Inspire Advisors LLC

Inspire Advisors LLC lifted its position in EOG Resources, Inc. (NYSE:EOG) by 10.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,046 shares of the energy exploration company’s stock after purchasing an additional 1,187 shares during the quarter. Inspire Advisors LLC’s holdings in EOG Resources were worth $1,560,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. First American Trust FSB boosted its holdings in shares of EOG Resources by 0.5% in the second quarter. First American Trust FSB now owns 61,220 shares of the energy exploration company’s stock valued at $7,323,000 after acquiring an additional 302 shares during the period. Empowered Funds LLC raised its position in EOG Resources by 49.8% in the 2nd quarter. Empowered Funds LLC now owns 331,239 shares of the energy exploration company’s stock valued at $39,619,000 after purchasing an additional 110,082 shares during the last quarter. LSV Asset Management boosted its stake in EOG Resources by 4.1% during the 2nd quarter. LSV Asset Management now owns 715,790 shares of the energy exploration company’s stock worth $85,616,000 after purchasing an additional 28,344 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in EOG Resources by 3.7% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 4,060 shares of the energy exploration company’s stock worth $486,000 after purchasing an additional 145 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in EOG Resources by 27.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 344,999 shares of the energy exploration company’s stock worth $41,265,000 after purchasing an additional 75,040 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EOG. Barclays set a $136.00 price target on EOG Resources and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Piper Sandler set a $129.00 target price on EOG Resources and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Susquehanna upped their price target on EOG Resources from $156.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Scotiabank reissued a “sector perform” rating and issued a $130.00 price objective on shares of EOG Resources in a research note on Friday, September 26th. Finally, Siebert Williams Shank dropped their price target on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $140.31.

EOG Resources Price Performance

EOG Resources stock opened at $109.44 on Tuesday. The company has a market cap of $59.38 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The business has a fifty day moving average of $110.85 and a two-hundred day moving average of $115.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.89 EPS. As a group, analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.7%. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

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.