EOG Resources, Inc. (NYSE:EOG) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,549,802 shares of the energy exploration company’s stock after buying an additional 234,067 shares during the period. Geode Capital Management LLC owned approximately 2.23% of EOG Resources worth $1,541,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Financial Life Planners acquired a new position in EOG Resources during the 4th quarter worth about $25,000. Y.D. More Investments Ltd boosted its stake in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. purchased a new stake in EOG Resources during the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in EOG Resources during the 4th quarter worth approximately $27,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EOG has been the topic of a number of recent research reports. UBS Group cut their price objective on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price target on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Piper Sandler lowered their price objective on EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Citigroup decreased their price target on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Finally, Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $144.67.

EOG Resources Stock Performance

NYSE EOG opened at $129.26 on Wednesday. The firm has a market cap of $71.60 billion, a P/E ratio of 10.41, a P/E/G ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 52-week low of $115.78 and a 52-week high of $139.67. The business’s 50-day moving average price is $127.93 and its 200 day moving average price is $127.92. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.