Dimensional Fund Advisors LP Acquires 54,091 Shares of EOG Resources, Inc. $EOG

Dimensional Fund Advisors LP raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 0.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,865,073 shares of the energy exploration company’s stock after purchasing an additional 54,091 shares during the period. Dimensional Fund Advisors LP’s holdings in EOG Resources were worth $848,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EOG. Twin Capital Management Inc. raised its stake in shares of EOG Resources by 0.3% in the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock worth $3,467,000 after purchasing an additional 79 shares during the last quarter. Hardy Reed LLC boosted its position in shares of EOG Resources by 3.8% during the first quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock valued at $325,000 after buying an additional 82 shares during the last quarter. Fulton Bank N.A. increased its holdings in EOG Resources by 2.1% in the 1st quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock worth $662,000 after buying an additional 93 shares in the last quarter. Ethos Financial Group LLC increased its holdings in EOG Resources by 2.5% in the 4th quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock worth $439,000 after buying an additional 100 shares in the last quarter. Finally, NovaPoint Capital LLC increased its holdings in EOG Resources by 0.3% in the 1st quarter. NovaPoint Capital LLC now owns 31,621 shares of the energy exploration company’s stock worth $4,571,000 after buying an additional 100 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.1%

EOG Resources stock opened at $139.80 on Monday. EOG Resources, Inc. has a one year low of $101.59 and a one year high of $151.87. The stock has a fifty day moving average of $135.91 and a 200 day moving average of $128.72. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. The stock has a market cap of $74.46 billion, a PE ratio of 13.76 and a beta of 0.25.

EOG Resources (NYSE:EOG) last announced its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm posted $2.87 earnings per share. As a group, sell-side analysts predict that EOG Resources, Inc. will post 16.19 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Jefferies Financial Group restated a “buy” rating and set a $175.00 target price (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. JPMorgan Chase & Co. reduced their price target on shares of EOG Resources from $148.00 to $142.00 and set a “neutral” rating for the company in a research note on Tuesday, June 30th. Morgan Stanley decreased their price objective on shares of EOG Resources from $160.00 to $156.00 and set an “equal weight” rating for the company in a report on Friday, June 26th. UBS Group lowered their price objective on shares of EOG Resources from $168.00 to $158.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. Finally, Truist Financial dropped their target price on shares of EOG Resources from $149.00 to $134.00 and set a “hold” rating on the stock in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and a consensus target price of $155.04.

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.