D.A. Davidson & CO. Acquires 3,841 Shares of EOG Resources, Inc. $EOG

D.A. Davidson & CO. grew its stake in EOG Resources, Inc. (NYSE:EOG) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 211,396 shares of the energy exploration company’s stock after purchasing an additional 3,841 shares during the quarter. D.A. Davidson & CO.’s holdings in EOG Resources were worth $30,562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC boosted its stake in EOG Resources by 66.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock worth $2,073,000 after acquiring an additional 7,877 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co raised its holdings in EOG Resources by 39.2% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock worth $9,136,000 after purchasing an additional 24,500 shares during the period. Cumberland Partners Ltd raised its holdings in EOG Resources by 432.0% in the fourth quarter. Cumberland Partners Ltd now owns 15,470 shares of the energy exploration company’s stock worth $1,625,000 after purchasing an additional 12,562 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of EOG Resources by 2.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock worth $123,451,000 after purchasing an additional 24,984 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of EOG Resources by 8.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 309,888 shares of the energy exploration company’s stock worth $32,541,000 after purchasing an additional 24,960 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on EOG. Piper Sandler raised their price objective on EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 1st. Wall Street Zen upgraded EOG Resources from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Barclays raised their price target on EOG Resources from $140.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Susquehanna boosted their price objective on EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group lowered their target price on EOG Resources from $139.00 to $129.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and an average price target of $155.04.

EOG Resources Stock Down 0.3%

Shares of EOG Resources stock opened at $137.56 on Thursday. The business’s 50 day simple moving average is $135.56 and its 200 day simple moving average is $128.23. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The firm has a market cap of $73.27 billion, a PE ratio of 13.54 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.87 EPS. On average, analysts predict that EOG Resources, Inc. will post 16.18 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is currently 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.