EOG Resources, Inc. (NYSE:EOG) Stock Holdings Boosted by Lincoln National Corp

Lincoln National Corp raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 15.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,073 shares of the energy exploration company’s stock after buying an additional 939 shares during the period. Lincoln National Corp’s holdings in EOG Resources were worth $855,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of EOG Resources by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock valued at $1,639,903,000 after acquiring an additional 145,691 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of EOG Resources by 8.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock valued at $1,462,966,000 after acquiring an additional 892,951 shares during the last quarter. Morgan Stanley lifted its position in shares of EOG Resources by 1.5% during the 3rd quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock valued at $987,432,000 after acquiring an additional 116,860 shares during the last quarter. Northern Trust Corp lifted its position in shares of EOG Resources by 3.1% during the 3rd quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company’s stock valued at $793,607,000 after acquiring an additional 185,882 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of EOG Resources by 15.2% during the 3rd quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock valued at $443,088,000 after acquiring an additional 460,872 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EOG shares. Morgan Stanley increased their target price on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Truist Financial reduced their target price on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a report on Friday, April 5th. Mizuho increased their target price on EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a report on Monday, April 15th. Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and increased their target price for the company from $135.00 to $155.00 in a report on Thursday, April 11th. Finally, Stifel Nicolaus reduced their target price on EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Fourteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $142.27.

EOG Resources Trading Up 0.6 %

EOG Resources stock opened at $130.61 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The company has a market capitalization of $75.06 billion, a price-to-earnings ratio of 10.32 and a beta of 1.38. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67. The company’s fifty day moving average price is $128.48 and its two-hundred day moving average price is $122.38.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The firm’s revenue 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. On average, analysts forecast that EOG Resources, Inc. will post 12.14 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

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.