EOG Resources, Inc. (NYSE:EOG) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of EOG Resources, Inc. (NYSE:EOGGet Rating) by 25.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 127,885 shares of the energy exploration company’s stock after acquiring an additional 26,310 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in EOG Resources were worth $15,249,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC lifted its position in EOG Resources by 1.5% during 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 acquiring an additional 91 shares during the period. Desjardins Global Asset Management Inc. lifted its position 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 worth $1,002,000 after acquiring an additional 92 shares during the period. Bollard Group LLC lifted its position 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 worth $1,224,000 after acquiring an additional 114 shares during the period. Private Capital Group LLC lifted its position 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 worth $115,000 after acquiring an additional 122 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position 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 worth $79,000 after acquiring an additional 127 shares during the period. Institutional investors and hedge funds own 88.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on EOG. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Royal Bank of Canada lowered EOG Resources from an “outperform” rating to a “sector perform” rating and set a $150.00 price objective for the company. in a research note on Wednesday, July 6th. Morgan Stanley reduced their price objective on EOG Resources from $151.00 to $149.00 and set an “equal weight” rating for the company in a research note on Monday, August 29th. Barclays reduced their price objective on EOG Resources from $165.00 to $164.00 and set an “overweight” rating for the company in a research note on Wednesday, August 31st. Finally, TD Securities upgraded EOG Resources from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research note on Friday, August 5th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.58.

EOG Resources Price Performance

NYSE:EOG opened at $121.45 on Monday. EOG Resources, Inc. has a 12 month low of $70.41 and a 12 month high of $147.99. The stock has a 50 day moving average of $112.86 and a two-hundred day moving average of $118.60. 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 firm has a market cap of $71.18 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 0.24 and a beta of 1.55.

EOG Resources (NYSE:EOGGet Rating) last issued its earnings results on Thursday, August 4th. The energy exploration company reported $2.74 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 32.03% and a net margin of 25.71%. The company’s revenue for the quarter was up 79.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.73 earnings per share. On average, analysts expect that EOG Resources, Inc. will post 15.74 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The business 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 dividend of $1.50 per share. This is a boost 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 currently 30.77%.

EOG Resources Company 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.

See Also

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

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