State Street Corp grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,998,309 shares of the energy exploration company’s stock after purchasing an additional 175,734 shares during the quarter. State Street Corp owned approximately 5.50% of EOG Resources worth $1,150,019,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of EOG Resources by 2.2% during the 3rd quarter. BlackRock Inc. now owns 40,540,315 shares of the energy exploration company’s stock valued at $1,457,020,000 after purchasing an additional 856,498 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in EOG Resources by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 17,595,617 shares of the energy exploration company’s stock worth $891,395,000 after acquiring an additional 326,652 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in EOG Resources by 19.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 5,422,919 shares of the energy exploration company’s stock worth $274,725,000 after acquiring an additional 877,029 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in EOG Resources by 2.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,337,082 shares of the energy exploration company’s stock worth $219,716,000 after acquiring an additional 112,493 shares in the last quarter. Finally, FMR LLC increased its holdings in EOG Resources by 83.1% in the 2nd quarter. FMR LLC now owns 3,936,443 shares of the energy exploration company’s stock worth $199,420,000 after acquiring an additional 1,786,478 shares in the last quarter. 87.68% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:EOG opened at $45.39 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.13 and a quick ratio of 1.82. The firm has a market capitalization of $26.48 billion, a PE ratio of -87.29, a price-to-earnings-growth ratio of 5.59 and a beta of 1.95. The firm’s 50-day moving average is $37.58 and its two-hundred day moving average is $45.18. EOG Resources, Inc. has a 1 year low of $27.00 and a 1 year high of $89.54.
EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, November 5th. The energy exploration company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.25. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.50 billion. EOG Resources had a net margin of 2.44% and a return on equity of 7.70%. The business’s revenue for the quarter was down 47.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 earnings per share. Analysts expect that EOG Resources, Inc. will post 0.77 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 16th were paid a dividend of $0.375 per share. The ex-dividend date was Thursday, October 15th. This represents a $1.50 dividend on an annualized basis and a yield of 3.30%. EOG Resources’s dividend payout ratio (DPR) is presently 30.12%.
Several equities research analysts have issued reports on EOG shares. Truist lowered their target price on shares of EOG Resources from $70.00 to $61.00 in a research note on Thursday, October 1st. ValuEngine raised shares of EOG Resources from a “sell” rating to a “hold” rating in a research report on Monday, November 2nd. Morgan Stanley boosted their price target on shares of EOG Resources from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday. Credit Suisse Group assumed coverage on shares of EOG Resources in a research report on Tuesday, August 4th. They set a “buy” rating and a $65.00 price target on the stock. Finally, Piper Sandler boosted their price target on shares of EOG Resources from $51.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $62.42.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. The company's principal producing areas are located in New Mexico, North Dakota, Texas, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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