EOG Resources, Inc. $EOG Shares Acquired by KBC Group NV

KBC Group NV grew its position in EOG Resources, Inc. (NYSE:EOG) by 40.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 353,514 shares of the energy exploration company’s stock after buying an additional 101,044 shares during the quarter. KBC Group NV’s holdings in EOG Resources were worth $51,108,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EOG. Twin Capital Management Inc. raised its stake in EOG Resources by 0.3% in the 1st quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock valued at $3,467,000 after purchasing an additional 79 shares during the last quarter. Hardy Reed LLC lifted its holdings in EOG Resources by 3.8% in the 1st quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock valued at $325,000 after purchasing an additional 82 shares in the last quarter. Fulton Bank N.A. boosted its stake in EOG Resources by 2.1% during the 1st quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock worth $662,000 after purchasing an additional 93 shares during the last quarter. Ethos Financial Group LLC boosted its stake in EOG Resources by 2.5% during the 4th quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock worth $439,000 after purchasing an additional 100 shares during the last quarter. Finally, NovaPoint Capital LLC grew its holdings in shares of EOG Resources by 0.3% during the first quarter. NovaPoint Capital LLC now owns 31,621 shares of the energy exploration company’s stock worth $4,571,000 after buying an additional 100 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EOG. Williams Trading set a $177.00 target price on shares of EOG Resources in a research report on Monday, April 20th. Truist Financial lowered their price target on shares of EOG Resources from $149.00 to $134.00 and set a “hold” rating on the stock in a research report on Wednesday, July 1st. JPMorgan Chase & Co. dropped their price objective on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Piper Sandler increased their price objective on shares of EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, April 1st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.04.

EOG Resources Stock Up 0.8%

Shares of NYSE EOG opened at $141.04 on Tuesday. The company has a 50 day simple moving average of $136.07 and a 200-day simple moving average of $128.97. The company has a market capitalization of $75.12 billion, a P/E ratio of 13.88 and a beta of 0.25. 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, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87.

EOG Resources (NYSE:EOG) last released 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. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.87 earnings per share. On average, equities research analysts predict that EOG Resources, Inc. will post 16.19 earnings per share 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 given a $1.02 dividend. 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 payout ratio is currently 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.