Fisher Asset Management LLC Grows Stake in EOG Resources, Inc. $EOG

Fisher Asset Management LLC raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 3.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,310,006 shares of the energy exploration company’s stock after purchasing an additional 38,200 shares during the period. Fisher Asset Management LLC owned about 0.24% of EOG Resources worth $156,690,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in EOG. Banque Cantonale Vaudoise purchased a new stake in EOG Resources in the first quarter worth about $26,000. TIAA Trust National Association raised its holdings in shares of EOG Resources by 26.9% in the 1st quarter. TIAA Trust National Association now owns 16,325 shares of the energy exploration company’s stock valued at $2,093,000 after purchasing an additional 3,456 shares in the last quarter. Banco Santander S.A. lifted its position in shares of EOG Resources by 11.3% in the 1st quarter. Banco Santander S.A. now owns 5,899 shares of the energy exploration company’s stock worth $756,000 after purchasing an additional 597 shares during the period. Argent Trust Co boosted its stake in shares of EOG Resources by 13.6% during the first quarter. Argent Trust Co now owns 6,964 shares of the energy exploration company’s stock valued at $893,000 after purchasing an additional 833 shares in the last quarter. Finally, Earned Wealth Advisors LLC purchased a new position in EOG Resources during the first quarter valued at approximately $209,000. Institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on EOG. UBS Group upped their target price on EOG Resources from $142.00 to $144.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Piper Sandler reduced their price target on EOG Resources from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. Barclays set a $136.00 price objective on EOG Resources and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. cut their target price on EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 1st. Finally, Wolfe Research decreased their price target on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and an average price target of $140.33.

EOG Resources Trading Up 1.6%

Shares of NYSE:EOG opened at $109.56 on Tuesday. The business’s 50-day moving average is $108.62 and its 200 day moving average is $115.13. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The firm has a market capitalization of $59.45 billion, a P/E ratio of 10.65, a P/E/G ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the firm earned $2.89 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. On average, research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is currently 40.64%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.