Azzad Asset Management Inc. ADV Buys Shares of 11,860 EOG Resources, Inc. $EOG

Azzad Asset Management Inc. ADV bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,860 shares of the energy exploration company’s stock, valued at approximately $1,715,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EOG. Hardy Reed LLC boosted its position in EOG Resources by 3.8% during 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 during the period. Bollard Group LLC increased its position in EOG Resources by 0.8% in the third quarter. Bollard Group LLC now owns 11,747 shares of the energy exploration company’s stock worth $1,317,000 after buying an additional 93 shares during the period. Fulton Bank N.A. increased its position in EOG Resources by 2.1% in the first quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock worth $662,000 after buying an additional 93 shares during the period. Ethos Financial Group LLC lifted its stake in EOG Resources by 2.5% in the fourth quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock valued at $439,000 after buying an additional 100 shares during the last quarter. Finally, Sumitomo Life Insurance Co. lifted its stake in EOG Resources by 0.4% in the fourth quarter. Sumitomo Life Insurance Co. now owns 22,784 shares of the energy exploration company’s stock valued at $2,393,000 after buying an additional 102 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EOG. Raymond James Financial reduced their price target on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating for the company in a report on Monday, June 22nd. Truist Financial cut their price objective 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. reduced their target price 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. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, Williams Trading set a $177.00 price target on shares of EOG Resources in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $155.04.

EOG Resources Stock Performance

EOG stock opened at $134.03 on Friday. The company has a market capitalization of $71.39 billion, a P/E ratio of 13.19 and a beta of 0.25. The company has a 50-day simple moving average of $135.59 and a 200 day simple moving average of $127.33. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter last year, the company earned $2.87 EPS. EOG Resources’s quarterly revenue was up 22.1% on a year-over-year basis. Sell-side analysts predict that EOG Resources, Inc. will post 16.19 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) 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.