Mirae Asset Global Investments Co. Ltd. Acquires 23,046 Shares of EOG Resources, Inc. $EOG

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.7% in the third quarter, Holdings Channel.com reports. The fund owned 647,341 shares of the energy exploration company’s stock after buying an additional 23,046 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in EOG Resources were worth $72,580,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Federated Hermes Inc. increased its holdings in EOG Resources by 15.1% in the third quarter. Federated Hermes Inc. now owns 637,448 shares of the energy exploration company’s stock valued at $71,471,000 after purchasing an additional 83,631 shares during the last quarter. Truist Financial Corp grew its position in shares of EOG Resources by 0.9% during the 3rd quarter. Truist Financial Corp now owns 190,481 shares of the energy exploration company’s stock worth $21,357,000 after buying an additional 1,698 shares during the period. Pines Wealth Management LLC grew its position in shares of EOG Resources by 10.5% during the 3rd quarter. Pines Wealth Management LLC now owns 2,498 shares of the energy exploration company’s stock worth $280,000 after buying an additional 238 shares during the period. One Wealth Advisors LLC bought a new stake in shares of EOG Resources in the 3rd quarter valued at about $241,000. Finally, Phoenix Financial Ltd. raised its position in shares of EOG Resources by 73.1% in the 3rd quarter. Phoenix Financial Ltd. now owns 7,227 shares of the energy exploration company’s stock valued at $811,000 after acquiring an additional 3,051 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $111.06 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The firm has a market cap of $60.26 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 9.38 and a beta of 0.49. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $135.87. The stock’s 50-day moving average is $106.70 and its 200-day moving average is $111.87.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The firm had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business posted $2.89 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal 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 issued 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 3.7%. EOG Resources’s dividend payout ratio is presently 40.64%.

Wall Street Analyst Weigh In

EOG has been the subject of several recent analyst reports. Siebert Williams Shank lowered their target price on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, October 13th. UBS Group reaffirmed a “buy” rating and set a $141.00 price objective (down previously from $144.00) on shares of EOG Resources in a research note on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a report on Thursday, January 22nd. Citigroup restated a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of EOG Resources in a report on Wednesday, December 17th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $127.00 price objective (up previously from $126.00) on shares of EOG Resources in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $134.07.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief operating officer directly owned 54,979 shares in the company, valued at approximately $5,810,180.72. The trade was a 3.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

EOG Resources Profile

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.