EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its position in EOG Resources, Inc. (NYSE:EOGGet Rating) by 25.9% in the first quarter, Holdings Channel.com reports. The firm owned 127,885 shares of the energy exploration company’s stock after acquiring an additional 26,310 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in EOG Resources were worth $15,249,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC lifted its position in EOG Resources by 15.0% in the first quarter. Kestra Private Wealth Services LLC now owns 3,647 shares of the energy exploration company’s stock valued at $435,000 after purchasing an additional 476 shares during the period. Gradient Investments LLC lifted its position in EOG Resources by 32.4% in the first quarter. Gradient Investments LLC now owns 2,282 shares of the energy exploration company’s stock valued at $272,000 after purchasing an additional 559 shares during the period. EverSource Wealth Advisors LLC lifted its position in EOG Resources by 67.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,690 shares of the energy exploration company’s stock valued at $679,000 after purchasing an additional 2,296 shares during the period. Advisory Services Network LLC lifted its position in EOG Resources by 74.1% in the first quarter. Advisory Services Network LLC now owns 27,480 shares of the energy exploration company’s stock valued at $3,276,000 after purchasing an additional 11,692 shares during the period. Finally, Toroso Investments LLC lifted its position in EOG Resources by 1.8% in the first quarter. Toroso Investments LLC now owns 42,114 shares of the energy exploration company’s stock valued at $5,021,000 after purchasing an additional 736 shares during the period. Institutional investors and hedge funds own 88.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EOG. Mizuho dropped their target price on shares of EOG Resources from $173.00 to $167.00 and set a “buy” rating for the company in a report on Thursday, August 18th. Johnson Rice raised shares of EOG Resources from a “hold” rating to a “buy” rating and increased their target price for the company from $155.00 to $165.00 in a report on Tuesday, May 24th. JPMorgan Chase & Co. raised shares of EOG Resources from a “neutral” rating to an “overweight” rating and increased their target price for the company from $152.00 to $156.00 in a report on Thursday. MKM Partners increased their target price on shares of EOG Resources from $122.00 to $130.00 and gave the company a “buy” rating in a report on Friday, August 26th. Finally, KeyCorp increased their target price on shares of EOG Resources from $136.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, May 26th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.58.

EOG Resources Stock Down 0.9 %

EOG stock opened at $121.45 on Monday. The stock has a market capitalization of $71.18 billion, a P/E ratio of 12.46, a PEG ratio of 0.24 and a beta of 1.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.29 and a current ratio of 1.41. EOG Resources, Inc. has a one year low of $70.41 and a one year high of $147.99. The company has a 50 day moving average price of $112.86 and a two-hundred day moving average price of $118.60.

EOG Resources (NYSE:EOGGet Rating) last released its earnings results on Thursday, August 4th. The energy exploration company reported $2.74 EPS for the quarter, missing the consensus estimate of $4.25 by ($1.51). The firm had revenue of $7.41 billion during the quarter, compared to analysts’ expectations of $5.58 billion. EOG Resources had a return on equity of 32.03% and a net margin of 25.71%. The firm’s revenue was up 79.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 earnings per share. As a group, sell-side analysts expect that EOG Resources, Inc. will post 15.74 EPS for the current year.

EOG Resources Increases Dividend

The business also recently declared a special dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This is a positive change from EOG Resources’s previous special dividend of $1.00. EOG Resources’s dividend payout ratio (DPR) is 30.77%.

EOG Resources Profile

(Get Rating)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.

See Also

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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