Federated Hermes Inc. Buys 83,631 Shares of EOG Resources, Inc. $EOG

Federated Hermes Inc. raised its stake in EOG Resources, Inc. (NYSE:EOG) by 15.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 637,448 shares of the energy exploration company’s stock after acquiring an additional 83,631 shares during the quarter. Federated Hermes Inc.’s holdings in EOG Resources were worth $71,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of EOG. Truist Financial Corp increased its holdings in shares of EOG Resources by 0.9% in the third quarter. Truist Financial Corp now owns 190,481 shares of the energy exploration company’s stock valued at $21,357,000 after purchasing an additional 1,698 shares in the last quarter. Pines Wealth Management LLC boosted its position in EOG Resources by 10.5% in the 3rd quarter. Pines Wealth Management LLC now owns 2,498 shares of the energy exploration company’s stock valued at $280,000 after buying an additional 238 shares during the last quarter. One Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the 3rd quarter valued at $241,000. Phoenix Financial Ltd. raised its position in shares of EOG Resources by 73.1% during the third quarter. Phoenix Financial Ltd. now owns 7,227 shares of the energy exploration company’s stock worth $811,000 after acquiring an additional 3,051 shares during the last quarter. Finally, KPP Advisory Services LLC bought a new stake in shares of EOG Resources during the third quarter worth $322,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EOG has been the subject of a number of research reports. Piper Sandler set a $123.00 price objective on EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday. Siebert Williams Shank lowered their price target on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Susquehanna dropped their price target on shares of EOG Resources from $161.00 to $151.00 and set a “positive” rating for the company in a research note on Monday. Zacks Research cut shares of EOG Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $126.00 target price (down previously from $144.00) on shares of EOG Resources in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $134.07.

EOG Resources Price Performance

NYSE EOG opened at $111.06 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $135.87. The business has a 50 day simple moving average of $106.70 and a 200 day simple moving average of $111.87. The stock has a market cap of $60.26 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 9.38 and a beta of 0.49.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the firm earned $2.89 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. Analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

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

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief operating officer directly owned 54,979 shares in the company, valued at $5,810,180.72. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

EOG Resources Company 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.