Hudson Edge Investment Partners Inc. Boosts Stock Holdings in EOG Resources, Inc. $EOG

Hudson Edge Investment Partners Inc. raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 14.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,778 shares of the energy exploration company’s stock after acquiring an additional 5,952 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in EOG Resources were worth $5,245,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in EOG. Caitong International Asset Management Co. Ltd lifted its stake in shares of EOG Resources by 10,950.0% in the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares during the period. Raleigh Capital Management Inc. purchased a new position in EOG Resources in the second quarter valued at about $29,000. ORG Partners LLC lifted its position in shares of 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 acquiring an additional 88 shares during the period. JCIC Asset Management Inc. purchased a new stake in shares of EOG Resources during the 3rd quarter worth approximately $32,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of EOG Resources in the 2nd quarter worth approximately $35,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

EOG opened at $107.97 on Thursday. The company’s 50 day simple moving average is $106.78 and its 200 day simple moving average is $112.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $136.20. The stock has a market capitalization of $58.59 billion, a PE ratio of 10.75, a P/E/G ratio of 8.82 and a beta of 0.49.

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

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio is 40.64%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EOG shares. Sanford C. Bernstein restated a “market perform” rating and set a $126.00 target price (down previously from $144.00) on shares of EOG Resources in a research report on Monday, January 5th. Mizuho set a $134.00 target price on EOG Resources and gave the company a “neutral” rating in a research note on Friday, December 12th. Wells Fargo & Company dropped their price target on EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Citigroup reissued a “neutral” rating and issued a $115.00 price target (down from $125.00) on shares of EOG Resources in a report on Wednesday, December 17th. Finally, Jefferies Financial Group set a $140.00 price objective on EOG Resources in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus target price of $135.56.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 2,000 shares of EOG Resources stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief operating officer directly owned 54,979 shares of the company’s stock, valued at $5,810,180.72. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

EOG Resources Company Profile

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.