Federated Hermes Inc. Raises Position in EOG Resources, Inc. (NYSE:EOG)

Federated Hermes Inc. lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 15.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,324 shares of the energy exploration company’s stock after buying an additional 1,512 shares during the period. Federated Hermes Inc.’s holdings in EOG Resources were worth $1,370,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. bought a new position in shares of EOG Resources during the 3rd quarter worth approximately $4,431,000. TIAA Trust National Association lifted its holdings in EOG Resources by 639.3% during the fourth quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock worth $6,971,000 after acquiring an additional 49,840 shares during the period. L. Roy Papp & Associates LLP boosted its position in EOG Resources by 18.3% in the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after purchasing an additional 26,026 shares during the last quarter. NewEdge Wealth LLC grew its stake in EOG Resources by 9.3% in the 4th quarter. NewEdge Wealth LLC now owns 115,960 shares of the energy exploration company’s stock valued at $14,025,000 after purchasing an additional 9,837 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of EOG Resources by 12.5% during the 4th quarter. Pacer Advisors Inc. now owns 3,065,042 shares of the energy exploration company’s stock valued at $370,717,000 after purchasing an additional 340,902 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.4 %

Shares of EOG stock opened at $136.25 on Tuesday. The company has a market capitalization of $78.37 billion, a PE ratio of 10.47 and a beta of 1.40. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67. The business’s fifty day moving average is $126.15 and its 200 day moving average is $122.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the business earned $3.30 EPS. The business’s revenue was down 5.4% on a year-over-year basis. On average, equities research analysts anticipate that EOG Resources, Inc. will post 12.3 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.91 dividend. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.67%. EOG Resources’s dividend payout ratio is presently 27.98%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, March 28th. Raymond James reduced their target price on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Piper Sandler lifted their price target on shares of EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Barclays initiated coverage on EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective for the company. Finally, Scotiabank downgraded EOG Resources from a “sector outperform” rating to a “sector perform” rating and raised their target price for the stock from $135.00 to $155.00 in a research report on Thursday, April 11th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $142.19.

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.