Argonautica Private Wealth Management Inc. acquired a new stake in EOG Resources, Inc. (NYSE:EOG – Get Rating) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,384 shares of the energy exploration company’s stock, valued at approximately $438,000.
Several other large investors have also bought and sold shares of the business. Lumature Wealth Partners LLC bought a new stake in shares of EOG Resources during the first quarter valued at approximately $28,000. Kistler Tiffany Companies LLC bought a new stake in shares of EOG Resources during the 4th quarter valued at $30,000. Larson Financial Group LLC bought a new position in EOG Resources in the 3rd quarter worth about $31,000. Eagle Bay Advisors LLC bought a new position in shares of EOG Resources during the 2nd quarter valued at about $33,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in EOG Resources by 1,436.8% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 292 shares of the energy exploration company’s stock valued at $34,000 after acquiring an additional 273 shares during the period. 87.40% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently commented on EOG. StockNews.com started coverage on EOG Resources in a research note on Thursday. They issued a “hold” rating for the company. Mizuho raised EOG Resources from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $150.00 to $146.00 in a research note on Friday. Roth Capital reaffirmed a “buy” rating on shares of EOG Resources in a research note on Friday, February 24th. Truist Financial upped their price objective on EOG Resources from $146.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, April 11th. Finally, Scotiabank raised EOG Resources from a “sector perform” rating to a “sector outperform” rating and dropped their price objective for the stock from $150.00 to $145.00 in a research note on Thursday, April 13th. Four investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.38.
EOG Resources Price Performance
EOG Resources stock traded up $2.37 during mid-day trading on Friday, reaching $114.39. The company had a trading volume of 3,435,309 shares, compared to its average volume of 3,618,519. EOG Resources, Inc. has a 1 year low of $92.16 and a 1 year high of $150.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.17 and a quick ratio of 1.90. The company has a market capitalization of $66.90 billion, a P/E ratio of 7.01, a P/E/G ratio of 0.32 and a beta of 1.53. The stock’s 50-day simple moving average is $113.74 and its 200-day simple moving average is $124.65.
EOG Resources (NYSE:EOG – Get Rating) last released its quarterly earnings results on Friday, May 5th. The energy exploration company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.42 by $0.27. The business had revenue of $6.04 billion for the quarter, compared to analyst estimates of $5.28 billion. EOG Resources had a net margin of 33.83% and a return on equity of 30.34%. The company’s quarterly revenue was up 51.7% on a year-over-year basis. During the same period in the prior year, the business earned $4.00 earnings per share. On average, equities analysts predict that EOG Resources, Inc. will post 11.99 EPS for the current year.
EOG Resources Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 17th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, July 14th. This represents a $3.30 dividend on an annualized basis and a yield of 2.88%. EOG Resources’s dividend payout ratio (DPR) is currently 20.64%.
EOG Resources Profile
(Get Rating)
EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.
Further Reading
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