Hudson Edge Investment Partners Inc. Lowers Position in EOG Resources, Inc. $EOG

Hudson Edge Investment Partners Inc. decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 12.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,110 shares of the energy exploration company’s stock after selling 8,360 shares during the period. EOG Resources makes up about 1.2% of Hudson Edge Investment Partners Inc.’s holdings, making the stock its 13th largest holding. Hudson Edge Investment Partners Inc.’s holdings in EOG Resources were worth $8,401,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. raised its holdings in shares of EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after acquiring an additional 124 shares in the last quarter. Financial Life Planners purchased a new position in shares of EOG Resources during the first quarter worth about $30,000. Acumen Wealth Advisors LLC purchased a new position in shares of EOG Resources during the fourth quarter worth about $25,000. Prosperity Bancshares Inc purchased a new position in shares of EOG Resources during the fourth quarter worth about $26,000. Finally, Gen Wealth Partners Inc bought a new position in shares of EOG Resources in the fourth quarter worth approximately $30,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

NYSE:EOG opened at $130.81 on Friday. The company has a market capitalization of $69.67 billion, a price-to-earnings ratio of 12.87 and a beta of 0.25. The business has a 50 day moving average of $135.71 and a 200 day moving average of $126.27. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the business earned $2.87 earnings per share. On average, sell-side analysts predict that EOG Resources, Inc. will post 16.23 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, July 31st. Investors of record on Friday, July 17th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on EOG shares. Capital One Financial dropped their target price on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Susquehanna increased their price target on shares of EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a report on Tuesday, April 21st. Mizuho set a $157.00 price objective on shares of EOG Resources and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Citigroup reaffirmed a “neutral” rating and set a $147.00 price objective (up from $142.00) on shares of EOG Resources in a report on Wednesday, May 20th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $136.00 target price on shares of EOG Resources in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $155.25.

EOG Resources Company 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.