Evexia Wealth LLC Acquires 1,357 Shares of EOG Resources, Inc. (NYSE:EOG)

Evexia Wealth LLC raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 4.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,688 shares of the energy exploration company’s stock after acquiring an additional 1,357 shares during the quarter. EOG Resources makes up 1.5% of Evexia Wealth LLC’s holdings, making the stock its 27th largest holding. Evexia Wealth LLC’s holdings in EOG Resources were worth $3,513,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. bought a new stake in EOG Resources during the 3rd quarter valued at about $4,431,000. TIAA Trust National Association raised its stake in shares of EOG Resources by 639.3% during the fourth quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock valued at $6,971,000 after acquiring an additional 49,840 shares in the last quarter. AIA Group Ltd boosted its holdings in shares of EOG Resources by 128.0% in the fourth quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock valued at $1,234,000 after purchasing an additional 5,728 shares during the period. L. Roy Papp & Associates LLP grew its stake in EOG Resources by 18.3% in the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after purchasing an additional 26,026 shares in the last quarter. Finally, Yacktman Asset Management LP increased its holdings in EOG Resources by 4.8% during the 4th quarter. Yacktman Asset Management LP now owns 1,789,433 shares of the energy exploration company’s stock worth $216,432,000 after purchasing an additional 82,302 shares during the period. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

Shares of NYSE EOG traded down $0.25 during mid-day trading on Tuesday, hitting $130.23. The stock had a trading volume of 3,262,261 shares, compared to its average volume of 3,392,364. The company has a 50 day moving average of $128.17 and a two-hundred day moving average of $122.33. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The firm has a market cap of $74.84 billion, a PE ratio of 10.29 and a beta of 1.38.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $2.69 earnings per share. Research analysts predict that EOG Resources, Inc. will post 12.14 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.80%. EOG Resources’s payout ratio is 28.75%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays started coverage on EOG Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price target on the stock. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Scotiabank cut shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their price target for the stock from $135.00 to $155.00 in a research report on Thursday, April 11th. Truist Financial cut their price objective on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, TD Cowen increased their target price on EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Fourteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $142.27.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.