Meeder Asset Management Inc. Has $6.09 Million Stock Position in EOG Resources, Inc. $EOG

Meeder Asset Management Inc. increased its stake in EOG Resources, Inc. (NYSE:EOG) by 447.8% during the first quarter, HoldingsChannel reports. The firm owned 42,133 shares of the energy exploration company’s stock after acquiring an additional 34,441 shares during the period. Meeder Asset Management Inc.’s holdings in EOG Resources were worth $6,091,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sivia Capital Partners LLC acquired a new stake in shares of EOG Resources during the second quarter valued at approximately $258,000. Quantbot Technologies LP purchased a new stake in shares of EOG Resources in the 2nd quarter valued at approximately $349,000. Gamco Investors INC. ET AL boosted its stake in EOG Resources by 216.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after purchasing an additional 4,485 shares during the period. NewEdge Advisors LLC boosted its stake in EOG Resources by 2.0% in the 2nd quarter. NewEdge Advisors LLC now owns 22,780 shares of the energy exploration company’s stock worth $2,725,000 after purchasing an additional 444 shares during the period. Finally, Sei Investments Co. grew its position in EOG Resources by 4.4% during the 2nd quarter. Sei Investments Co. now owns 362,446 shares of the energy exploration company’s stock worth $43,356,000 after purchasing an additional 15,250 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the subject of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $175.00 target price (up from $170.00) on shares of EOG Resources in a report on Thursday, July 2nd. Williams Trading set a $177.00 price objective on EOG Resources in a research report on Monday, April 20th. Truist Financial dropped their target price on EOG Resources from $149.00 to $134.00 and set a “hold” rating on the stock in a report on Wednesday, July 1st. Wolfe Research increased their price target on shares of EOG Resources from $152.00 to $154.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Finally, Raymond James Financial lowered their price objective on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating on the stock in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.04.

EOG Resources Stock Performance

Shares of EOG opened at $139.80 on Monday. The firm has a market cap of $74.46 billion, a price-to-earnings ratio of 13.76 and a beta of 0.25. The company’s fifty day moving average is $135.91 and its 200-day moving average is $128.72. The company has a quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. EOG Resources’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.87 earnings per share. Equities analysts expect that EOG Resources, Inc. will post 16.19 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a dividend of $1.02 per share. 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 is currently 40.16%.

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.