Allspring Global Investments Holdings LLC Acquires 127,356 Shares of EOG Resources, Inc. $EOG

Allspring Global Investments Holdings LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,639,175 shares of the energy exploration company’s stock after purchasing an additional 127,356 shares during the quarter. EOG Resources accounts for about 0.6% of Allspring Global Investments Holdings LLC’s portfolio, making the stock its 24th biggest position. Allspring Global Investments Holdings LLC’s holdings in EOG Resources were worth $370,593,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Sivia Capital Partners LLC acquired a new position in EOG Resources during the 2nd quarter worth approximately $258,000. Quantbot Technologies LP bought a new position in EOG Resources in the second quarter valued at $349,000. Gamco Investors INC. ET AL grew its position in EOG Resources by 216.1% in the second quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock valued at $785,000 after purchasing an additional 4,485 shares in the last quarter. NewEdge Advisors LLC increased 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 valued at $2,725,000 after buying an additional 444 shares during the last quarter. Finally, Sei Investments Co. lifted 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 buying an additional 15,250 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.7%

NYSE EOG opened at $138.41 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87. The company has a 50 day moving average of $135.72 and a 200-day moving average of $128.47. The company has a market cap of $73.72 billion, a price-to-earnings ratio of 13.62 and a beta of 0.25.

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

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is presently 40.16%.

Analysts Set New Price Targets

EOG has been the subject of a number of recent research reports. Raymond James Financial reduced their price objective on shares of EOG Resources from $186.00 to $176.00 and set a “strong-buy” rating for the company in a research note on Monday, June 22nd. Scotiabank upped their target price on EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Wells Fargo & Company set a $196.00 price target on EOG Resources and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Susquehanna raised their price target on EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a research note on Tuesday, April 21st. Finally, Stephens lowered their price target on EOG Resources from $170.00 to $167.00 in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.04.

EOG Resources Profile

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.