EOG Resources, Inc. $EOG Holdings Lifted by iA Global Asset Management Inc.

iA Global Asset Management Inc. increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,450 shares of the energy exploration company’s stock after acquiring an additional 4,897 shares during the period. iA Global Asset Management Inc.’s holdings in EOG Resources were worth $4,311,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its position in shares of EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in EOG Resources in the 2nd quarter valued at approximately $29,000. JCIC Asset Management Inc. purchased a new stake in EOG Resources in the 3rd quarter worth approximately $32,000. ORG Partners LLC boosted its stake in shares of EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after buying an additional 88 shares during the period. Finally, Keener Financial Planning LLC acquired a new stake in EOG Resources during the second quarter valued at $35,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the transaction, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at $5,810,180.72. The trade was a 3.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

EOG has been the subject of several recent research reports. Raymond James Financial reissued a “strong-buy” rating and issued a $153.00 target price on shares of EOG Resources in a research report on Wednesday, December 3rd. Zacks Research lowered shares of EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a report on Thursday. Piper Sandler lowered their target price on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. Finally, Jefferies Financial Group set a $140.00 price target on EOG Resources in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $134.89.

EOG Resources Stock Performance

NYSE:EOG opened at $108.26 on Friday. The firm has a market capitalization of $58.74 billion, a PE ratio of 10.78, a PEG ratio of 8.83 and a beta of 0.49. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $135.87. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25. The firm’s fifty day simple moving average is $106.68 and its 200 day simple moving average is $112.23.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.89 earnings per share. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.8%. EOG Resources’s dividend payout ratio is presently 40.64%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.