Hsbc Holdings PLC Purchases 502,667 Shares of EOG Resources, Inc. $EOG

Hsbc Holdings PLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 34.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,956,432 shares of the energy exploration company’s stock after acquiring an additional 502,667 shares during the quarter. Hsbc Holdings PLC owned about 0.36% of EOG Resources worth $205,387,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Acumen Wealth Advisors LLC purchased a new stake in EOG Resources during the fourth quarter valued at $25,000. Prosperity Bancshares Inc purchased a new position in shares of EOG Resources in the 4th quarter worth $26,000. Nemes Rush Group LLC purchased a new position in shares of EOG Resources in the 4th quarter worth $30,000. Gen Wealth Partners Inc bought a new stake in shares of EOG Resources in the 4th quarter worth about $30,000. Finally, Olistico Wealth LLC bought a new stake in shares of EOG Resources in the 4th quarter worth about $33,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EOG shares. Sanford C. Bernstein lowered their price target on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, May 20th. JPMorgan Chase & Co. boosted their price objective on EOG Resources from $145.00 to $148.00 in a research note on Thursday, May 7th. Citigroup restated a “neutral” rating and set a $147.00 price objective (up from $142.00) on shares of EOG Resources in a research report on Wednesday, May 20th. Zacks Research downgraded EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Finally, UBS Group raised their price objective on EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.32.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $130.05 on Friday. The stock’s fifty day moving average is $135.96 and its two-hundred day moving average is $124.75. The company has a market capitalization of $69.27 billion, a PE ratio of 12.80 and a beta of 0.25. 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, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter last year, the firm posted $2.87 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. As a group, analysts expect that EOG Resources, Inc. will post 16.63 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

About EOG Resources

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.