Himension Capital Singapore PTE. LTD. Purchases New Holdings in EOG Resources, Inc. $EOG

Himension Capital Singapore PTE. LTD. purchased a new stake in EOG Resources, Inc. (NYSE:EOG) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 11,541 shares of the energy exploration company’s stock, valued at approximately $1,668,000.

Several other institutional investors have also recently made changes to their positions in EOG. Acumen Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the 4th quarter valued at approximately $25,000. SJS Investment Consulting Inc. increased its holdings in EOG Resources by 225.5% during the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock worth $26,000 after buying an additional 124 shares during the last quarter. Prosperity Bancshares Inc acquired a new position in EOG Resources during the fourth quarter worth $26,000. Nemes Rush Group LLC bought a new stake in EOG Resources during the fourth quarter worth $30,000. Finally, Financial Life Planners bought a new stake in EOG Resources during the first quarter worth $30,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on EOG. Barclays lifted their price objective on shares of EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Williams Trading set a $177.00 target price on shares of EOG Resources in a report on Monday, April 20th. Raymond James Financial reduced their price target on EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating for the company in a report on Monday, June 22nd. Sanford C. Bernstein reduced their price target on EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, May 20th. Finally, BMO Capital Markets boosted their price target on EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and an average price target of $155.32.

EOG Resources Stock Performance

NYSE:EOG opened at $143.34 on Wednesday. The stock has a market cap of $76.35 billion, a P/E ratio of 14.11 and a beta of 0.25. The stock has a 50 day simple moving average of $136.25 and a 200 day simple moving average of $129.24. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period in the prior year, the firm posted $2.87 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. Research analysts anticipate that EOG Resources, Inc. will post 16.19 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently announced 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 2.8%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s payout ratio is presently 40.16%.

EOG Resources Profile

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.