EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,626 shares of the energy exploration company’s stock after purchasing an additional 885 shares during the quarter. Daiwa Securities Group Inc.’s holdings in EOG Resources were worth $7,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fortis Capital Advisors LLC purchased a new position in EOG Resources during the 4th quarter valued at about $28,000. Lumature Wealth Partners LLC purchased a new position in EOG Resources during the 1st quarter valued at about $28,000. McIlrath & Eck LLC boosted its holdings in EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 104 shares during the period. Peoples Bank KS purchased a new position in EOG Resources during the 3rd quarter valued at about $31,000. Finally, Exchange Traded Concepts LLC boosted its holdings in EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 212 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Down 0.5 %

EOG opened at $131.76 on Friday. The business’s fifty day moving average is $123.00 and its two-hundred day moving average is $121.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The company has a market cap of $75.79 billion, a price-to-earnings ratio of 10.13 and a beta of 1.40. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.30 earnings per share. Analysts anticipate that EOG Resources, Inc. will post 12.07 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.76%. EOG Resources’s dividend payout ratio is currently 27.98%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EOG shares. Bank of America cut EOG Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $147.00 to $140.00 in a research note on Friday, January 5th. Mizuho boosted their target price on EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday. TD Securities cut their price target on EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd. Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and lifted their price target for the stock from $135.00 to $155.00 in a research report on Thursday, April 11th. Finally, Piper Sandler cut their price target on EOG Resources from $153.00 to $141.00 and set an “overweight” rating on the stock in a research report on Thursday, March 7th. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and a consensus target price of $140.90.

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.