Ontario Teachers Pension Plan Board Boosts Holdings in EOG Resources, Inc. $EOG

Ontario Teachers Pension Plan Board boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 28.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 42,839 shares of the energy exploration company’s stock after purchasing an additional 9,561 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in EOG Resources were worth $5,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC grew its stake in EOG Resources by 2.3% during the first quarter. CWM LLC now owns 20,071 shares of the energy exploration company’s stock valued at $2,574,000 after acquiring an additional 452 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of EOG Resources by 8.8% during the 1st quarter. Kingsview Wealth Management LLC now owns 4,198 shares of the energy exploration company’s stock valued at $538,000 after purchasing an additional 338 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of EOG Resources by 3.9% during the 1st quarter. Diversify Advisory Services LLC now owns 5,047 shares of the energy exploration company’s stock valued at $647,000 after purchasing an additional 190 shares during the last quarter. Formidable Asset Management LLC grew its position in shares of EOG Resources by 2.5% during the first quarter. Formidable Asset Management LLC now owns 13,117 shares of the energy exploration company’s stock valued at $1,682,000 after purchasing an additional 317 shares in the last quarter. Finally, Csenge Advisory Group increased its holdings in shares of EOG Resources by 6.9% in the first quarter. Csenge Advisory Group now owns 7,372 shares of the energy exploration company’s stock worth $945,000 after purchasing an additional 476 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 1.0%

Shares of EOG opened at $110.31 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $111.01 and a 200 day moving average of $115.45. The company has a market cap of $59.85 billion, a PE ratio of 10.72, a P/E/G ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.89 earnings per share. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio is 40.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EOG shares. UBS Group increased their price target on EOG Resources from $142.00 to $144.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Evercore ISI lifted their price objective on EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. The Goldman Sachs Group lowered their target price on EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Piper Sandler set a $129.00 target price on shares of EOG Resources and gave the company a “neutral” rating in a report on Tuesday, October 21st. Finally, Scotiabank restated a “sector perform” rating and issued a $130.00 price target on shares of EOG Resources in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $140.31.

EOG Resources Company 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.