Capital Group International Inc. CA Reduces Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Capital Group International Inc. CA decreased its stake in EOG Resources, Inc. (NYSE:EOGGet Rating) by 29.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 188,964 shares of the energy exploration company’s stock after selling 79,171 shares during the quarter. Capital Group International Inc. CA’s holdings in EOG Resources were worth $22,530,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Householder Group Estate & Retirement Specialist LLC boosted its holdings in shares of EOG Resources by 1.5% in the 1st quarter. Householder Group Estate & Retirement Specialist LLC now owns 6,028 shares of the energy exploration company’s stock worth $719,000 after purchasing an additional 91 shares during the period. Desjardins Global Asset Management Inc. boosted its holdings in EOG Resources by 1.1% during the 1st quarter. Desjardins Global Asset Management Inc. now owns 8,411 shares of the energy exploration company’s stock valued at $1,002,000 after acquiring an additional 92 shares during the period. Bollard Group LLC boosted its holdings in EOG Resources by 1.1% during the 1st quarter. Bollard Group LLC now owns 10,269 shares of the energy exploration company’s stock valued at $1,224,000 after acquiring an additional 114 shares during the period. Private Capital Group LLC boosted its holdings in EOG Resources by 14.5% during the 1st quarter. Private Capital Group LLC now owns 965 shares of the energy exploration company’s stock valued at $115,000 after acquiring an additional 122 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its holdings in EOG Resources by 23.7% during the 1st quarter. Brown Brothers Harriman & Co. now owns 662 shares of the energy exploration company’s stock valued at $79,000 after acquiring an additional 127 shares during the period. Hedge funds and other institutional investors own 88.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Royal Bank of Canada cut EOG Resources from an “outperform” rating to a “sector perform” rating and set a $150.00 price objective for the company. in a report on Wednesday, July 6th. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Truist Financial dropped their price objective on EOG Resources from $182.00 to $175.00 and set a “buy” rating for the company in a report on Monday, August 15th. Mizuho decreased their target price on EOG Resources from $173.00 to $167.00 and set a “buy” rating for the company in a research report on Thursday, August 18th. Finally, Barclays decreased their target price on EOG Resources from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Wednesday, August 31st. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $145.00.

EOG Resources Trading Up 4.3 %

EOG opened at $126.73 on Thursday. The firm has a market cap of $74.27 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 0.25 and a beta of 1.55. The company has a current ratio of 1.41, a quick ratio of 1.29 and a debt-to-equity ratio of 0.17. EOG Resources, Inc. has a 12 month low of $70.41 and a 12 month high of $147.99. The stock has a fifty day moving average price of $111.68 and a 200-day moving average price of $118.44.

EOG Resources (NYSE:EOGGet Rating) last released its quarterly earnings results on Thursday, August 4th. The energy exploration company reported $2.74 EPS for the quarter, missing the consensus estimate of $4.25 by ($1.51). EOG Resources had a return on equity of 32.03% and a net margin of 25.71%. The company had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $5.58 billion. During the same period in the previous year, the firm posted $1.73 earnings per share. The company’s revenue was up 79.0% on a year-over-year basis. As a group, equities research analysts anticipate 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. Investors of record on Thursday, September 15th will be given a dividend of $1.50 per share. This is a positive change from EOG Resources’s previous special dividend of $1.00. The ex-dividend date is Wednesday, September 14th. EOG Resources’s dividend payout ratio is currently 30.77%.

EOG Resources Profile

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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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