Horizon Investments LLC Decreases Stake in EOG Resources, Inc. (NYSE:EOG)

Horizon Investments LLC lessened its stake in EOG Resources, Inc. (NYSE:EOGGet Rating) by 20.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 34,675 shares of the energy exploration company’s stock after selling 8,747 shares during the quarter. Horizon Investments LLC’s holdings in EOG Resources were worth $4,109,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in EOG. Rational Advisors LLC lifted its stake in EOG Resources by 102.0% during the fourth quarter. Rational Advisors LLC now owns 303 shares of the energy exploration company’s stock worth $27,000 after purchasing an additional 153 shares during the last quarter. Lumature Wealth Partners LLC purchased a new stake in EOG Resources during the first quarter worth approximately $28,000. BDO Wealth Advisors LLC lifted its stake in EOG Resources by 476.2% during the first quarter. BDO Wealth Advisors LLC now owns 242 shares of the energy exploration company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. HBC Financial Services PLLC acquired a new position in EOG Resources during the first quarter worth approximately $33,000. Finally, HM Payson & Co. acquired a new position in EOG Resources during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 88.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays dropped their target price on EOG Resources from $165.00 to $164.00 and set an “overweight” rating on the stock in a report on Wednesday, August 31st. Morgan Stanley reduced their price objective on EOG Resources from $151.00 to $149.00 and set an “equal weight” rating on the stock in a research report on Monday, August 29th. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Mizuho dropped their price target on EOG Resources from $173.00 to $167.00 and set a “buy” rating for the company in a research note on Thursday, August 18th. Finally, TD Securities upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research note on Friday, August 5th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.68.

EOG Resources Stock Up 4.3 %

NYSE EOG opened at $123.36 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average is $111.02 and its two-hundred day moving average is $118.22. The company has a market capitalization of $72.29 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.24 and a beta of 1.55. EOG Resources, Inc. has a 1-year low of $66.97 and a 1-year high of $147.99.

EOG Resources (NYSE:EOGGet Rating) last released its quarterly earnings data on Thursday, August 4th. The energy exploration company reported $2.74 earnings per share for the quarter, missing analysts’ consensus estimates of $4.25 by ($1.51). The company had revenue of $7.41 billion for the quarter, compared to analyst estimates of $5.58 billion. EOG Resources had a net margin of 25.71% and a return on equity of 32.03%. The firm’s revenue for the quarter was up 79.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.73 earnings per share. Equities analysts forecast that EOG Resources, Inc. will post 15.89 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be issued a $1.50 dividend. This is an increase from EOG Resources’s previous special dividend of $1.00. The ex-dividend date of this dividend is Wednesday, September 14th. EOG Resources’s payout ratio is presently 30.77%.

EOG Resources Profile

(Get Rating)

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. As of December 31, 2021, it had total estimated net proved reserves of 3,747 million barrels of oil equivalent, including 1,548 million barrels (MMBbl) of crude oil and condensate reserves; 829 MMBbl of natural gas liquid reserves; and 8,222 billion cubic feet of natural gas reserves.

Further Reading

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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