Evelyn Partners Investment Management LLP Buys Shares of 30,864 EOG Resources, Inc. $EOG

Evelyn Partners Investment Management LLP bought a new position in EOG Resources, Inc. (NYSE:EOG) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 30,864 shares of the energy exploration company’s stock, valued at approximately $4,462,000.

Several other institutional investors have also modified their holdings of the stock. Acumen Wealth Advisors LLC acquired a new stake in EOG Resources during the fourth quarter worth about $25,000. Prosperity Bancshares Inc purchased a new position in EOG Resources during the fourth quarter worth about $26,000. SJS Investment Consulting Inc. boosted its holdings in EOG Resources by 225.5% in the 1st quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. Nemes Rush Group LLC acquired a new position in EOG Resources in the 4th quarter valued at about $30,000. Finally, Gen Wealth Partners Inc purchased a new stake in shares of EOG Resources in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EOG shares. Capital One Financial cut their price target on shares of EOG Resources from $161.00 to $159.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Sanford C. Bernstein lowered their price objective on EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research report on Wednesday, May 20th. Truist Financial cut their target price on EOG Resources from $149.00 to $134.00 and set a “hold” rating for the company in a research note on Wednesday, July 1st. Raymond James Financial reduced their target price on EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a research report on Monday, June 22nd. Finally, Zacks Research lowered EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and an average price target of $155.32.

EOG Resources Price Performance

Shares of EOG opened at $140.31 on Tuesday. The firm has a 50-day simple moving average of $136.70 and a two-hundred day simple moving average of $130.32. The stock has a market cap of $74.73 billion, a PE ratio of 13.81 and a beta of 0.25. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data 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 analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company posted $2.87 EPS. As a group, analysts forecast that EOG Resources, Inc. will post 16.16 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s dividend payout ratio is 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.