EOG Resources, Inc. $EOG Shares Bought by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 46.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,763 shares of the energy exploration company’s stock after purchasing an additional 4,070 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in EOG Resources were worth $1,845,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sivia Capital Partners LLC acquired a new position in EOG Resources in the 2nd quarter worth approximately $258,000. Quantbot Technologies LP acquired a new stake in shares of EOG Resources in the second quarter worth $349,000. Gamco Investors INC. ET AL raised its holdings in shares of EOG Resources by 216.1% during the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after purchasing an additional 4,485 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of EOG Resources by 2.0% during the second quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after purchasing an additional 444 shares during the last quarter. Finally, Sei Investments Co. lifted its position in EOG Resources by 4.4% during the second quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock valued at $43,356,000 after purchasing an additional 15,250 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

EOG opened at $143.34 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. The company has a market cap of $76.35 billion, a price-to-earnings ratio of 14.11 and a beta of 0.25. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The firm’s fifty day simple moving average is $136.25 and its two-hundred day simple moving average is $129.24.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the previous year, the company earned $2.87 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Equities analysts anticipate that EOG Resources, Inc. will post 16.19 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

Analyst Ratings Changes

Several equities research analysts have commented on EOG shares. The Goldman Sachs Group lowered their price target on shares of EOG Resources from $139.00 to $129.00 and set a “neutral” rating on the stock in a report on Tuesday, June 30th. Wolfe Research boosted their price objective on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Zacks Research cut EOG Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Raymond James Financial dropped their target price on EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a report on Monday, June 22nd. Finally, DA Davidson raised their target price on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $155.32.

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.