Caxton Associates LLP Has $2.01 Million Stock Holdings in EOG Resources, Inc. $EOG

Caxton Associates LLP lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 50.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,903 shares of the energy exploration company’s stock after selling 14,093 shares during the quarter. Caxton Associates LLP’s holdings in EOG Resources were worth $2,010,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in EOG. Sivia Capital Partners LLC purchased a new position in EOG Resources during the second quarter valued at approximately $258,000. Quantbot Technologies LP purchased a new stake in EOG Resources in the 2nd quarter worth approximately $349,000. Gamco Investors INC. ET AL lifted its position in EOG Resources by 216.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after buying an additional 4,485 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of EOG Resources by 2.0% during the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock valued at $2,725,000 after buying an additional 444 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of EOG Resources by 4.4% during the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after acquiring an additional 15,250 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada raised their price target on EOG Resources from $138.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Piper Sandler lifted their price objective on shares of EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, April 1st. Wolfe Research upped their price objective on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Wells Fargo & Company set a $196.00 price target on EOG Resources and gave the company an “overweight” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.32.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $146.62 on Friday. The company has a market cap of $78.09 billion, a PE ratio of 14.43 and a beta of 0.25. 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 fifty-two week low of $101.59 and a fifty-two week high of $151.87. The firm has a fifty day moving average price of $136.76 and a two-hundred day moving average price of $129.90.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.87 earnings per share. Analysts expect that EOG Resources, Inc. will post 16.19 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a yield of 2.8%. EOG Resources’s dividend payout ratio is 40.16%.

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.