Federated Hermes Inc. Acquires 83,631 Shares of EOG Resources, Inc. $EOG

Federated Hermes Inc. boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 15.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 637,448 shares of the energy exploration company’s stock after buying an additional 83,631 shares during the period. Federated Hermes Inc. owned approximately 0.12% of EOG Resources worth $71,471,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. ORG Partners LLC raised its stake in EOG Resources by 45.1% during the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after purchasing an additional 88 shares during the last quarter. Ameriflex Group Inc. increased its holdings in shares of EOG Resources by 31.6% during the 2nd quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock worth $46,000 after purchasing an additional 91 shares during the period. Hemington Wealth Management raised its position in shares of EOG Resources by 7.2% during the third quarter. Hemington Wealth Management now owns 1,383 shares of the energy exploration company’s stock valued at $155,000 after buying an additional 93 shares during the last quarter. apricus wealth LLC lifted its stake in shares of EOG Resources by 5.0% in the third quarter. apricus wealth LLC now owns 2,002 shares of the energy exploration company’s stock valued at $224,000 after buying an additional 95 shares during the period. Finally, Sowell Financial Services LLC increased its stake in EOG Resources by 1.6% during the third quarter. Sowell Financial Services LLC now owns 6,234 shares of the energy exploration company’s stock valued at $699,000 after acquiring an additional 96 shares during the period. 89.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at $5,810,180.72. This trade represents a 3.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EOG has been the subject of a number of research reports. Piper Sandler set a $123.00 price objective on EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $153.00 target price on shares of EOG Resources in a research report on Wednesday, December 3rd. Royal Bank Of Canada set a $138.00 price target on shares of EOG Resources and gave the company an “outperform” rating in a report on Tuesday, January 13th. The Goldman Sachs Group dropped their price objective on shares of EOG Resources from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. Finally, Barclays reduced their price objective on shares of EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus price target of $134.07.

EOG Resources Stock Up 2.3%

Shares of NYSE EOG opened at $111.06 on Thursday. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $135.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The business has a fifty day moving average of $106.70 and a two-hundred day moving average of $111.87. The stock has a market cap of $60.26 billion, a PE ratio of 11.06, a PEG ratio of 9.38 and a beta of 0.49.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the company posted $2.89 EPS. As a group, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s payout ratio is presently 40.64%.

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.