New Age Alpha Advisors LLC Acquires New Position in EOG Resources, Inc. (NYSE:EOG)

New Age Alpha Advisors LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,057 shares of the energy exploration company’s stock, valued at approximately $1,110,000.

A number of other institutional investors have also made changes to their positions in the company. Wealthfront Advisers LLC boosted its holdings in EOG Resources by 4,642.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock worth $349,627,000 after purchasing an additional 2,792,092 shares during the period. Franklin Resources Inc. grew its position in shares of EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock valued at $694,717,000 after buying an additional 2,076,134 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in EOG Resources during the fourth quarter worth about $171,193,000. Charles Schwab Investment Management Inc. lifted its holdings in EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock worth $2,230,014,000 after acquiring an additional 781,282 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in EOG Resources by 577.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock valued at $85,389,000 after acquiring an additional 593,823 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EOG shares. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Piper Sandler dropped their target price on EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Raymond James boosted their price target on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. UBS Group dropped their price objective on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, Mizuho reissued a “neutral” rating and set a $140.00 target price (down from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $144.67.

EOG Resources Stock Performance

Shares of EOG opened at $128.44 on Tuesday. The company has a 50-day moving average of $128.06 and a two-hundred day moving average of $127.85. The stock has a market cap of $71.15 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 3.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

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.