AIA Group Ltd Increases Holdings in EOG Resources, Inc. $EOG

AIA Group Ltd raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 18.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 97,054 shares of the energy exploration company’s stock after buying an additional 14,939 shares during the quarter. AIA Group Ltd’s holdings in EOG Resources were worth $14,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in EOG Resources by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock valued at $5,651,172,000 after purchasing an additional 446,341 shares during the last quarter. State Street Corp grew its position in EOG Resources by 0.3% during the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after purchasing an additional 100,080 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of EOG Resources by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after buying an additional 371,548 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of EOG Resources by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock worth $1,364,309,000 after buying an additional 95,260 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in EOG Resources by 1.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,507,760 shares of the energy exploration company’s stock valued at $683,382,000 after buying an additional 122,112 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Up 1.0%

NYSE EOG opened at $139.80 on Friday. The firm’s 50-day moving average is $135.91 and its two-hundred day moving average is $128.55. 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 12 month low of $101.59 and a 12 month high of $151.87. The stock has a market capitalization of $74.46 billion, a P/E ratio of 13.76 and a beta of 0.25.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the company earned $2.87 earnings per share. The business’s quarterly revenue was up 22.1% on a year-over-year basis. On average, sell-side analysts anticipate 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. Stockholders of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EOG shares. Weiss Ratings upgraded EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. DA Davidson increased their target price on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Jefferies Financial Group reissued a “buy” rating and issued a $175.00 price target (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Wolfe Research upped their price objective on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Finally, Truist Financial decreased their price objective on shares of EOG Resources from $149.00 to $134.00 and set a “hold” rating on the stock in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.04.

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.