Trust Investment Advisors raised its position in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 8.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,489 shares of the energy exploration company’s stock after buying an additional 433 shares during the quarter. Trust Investment Advisors’ holdings in EOG Resources were worth $628,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of EOG Resources by 6.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 186,635 shares of the energy exploration company’s stock worth $21,359,000 after purchasing an additional 10,969 shares during the period. Prospera Financial Services Inc raised its position in shares of EOG Resources by 196.9% during the 2nd quarter. Prospera Financial Services Inc now owns 7,593 shares of the energy exploration company’s stock worth $870,000 after purchasing an additional 5,036 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of EOG Resources by 18.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 65,998 shares of the energy exploration company’s stock worth $7,565,000 after purchasing an additional 10,154 shares during the period. Procyon Advisors LLC raised its position in shares of EOG Resources by 41.9% during the 2nd quarter. Procyon Advisors LLC now owns 4,659 shares of the energy exploration company’s stock worth $533,000 after purchasing an additional 1,376 shares during the period. Finally, Continuum Advisory LLC raised its position in shares of EOG Resources by 6.6% during the 1st quarter. Continuum Advisory LLC now owns 7,112 shares of the energy exploration company’s stock worth $815,000 after purchasing an additional 438 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on EOG. Truist Financial increased their price target on EOG Resources from $165.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. JPMorgan Chase & Co. increased their price target on EOG Resources from $145.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 27th. Stifel Nicolaus increased their price objective on EOG Resources from $143.00 to $159.00 and gave the stock a “buy” rating in a report on Friday, August 18th. StockNews.com assumed coverage on EOG Resources in a report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, UBS Group increased their price objective on EOG Resources from $164.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, October 4th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.77.
EOG Resources Price Performance
Shares of NYSE:EOG traded up $3.30 on Friday, reaching $124.00. 3,667,551 shares of the company traded hands, compared to its average volume of 3,300,034. EOG Resources, Inc. has a fifty-two week low of $98.52 and a fifty-two week high of $144.91. The company’s 50 day moving average is $127.34 and its 200-day moving average is $122.37. The stock has a market capitalization of $72.31 billion, a PE ratio of 9.21, a P/E/G ratio of 0.36 and a beta of 1.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.43 and a quick ratio of 2.10.
EOG Resources Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Tuesday, January 16th. This is an increase from EOG Resources’s previous quarterly dividend of $0.83. EOG Resources’s dividend payout ratio is 24.52%.
EOG Resources Profile
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. The company was formerly known as Enron Oil & Gas Company.
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