Johnson Financial Group Inc. Buys 3,607 Shares of EOG Resources, Inc. $EOG

Johnson Financial Group Inc. lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 14.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,145 shares of the energy exploration company’s stock after buying an additional 3,607 shares during the period. Johnson Financial Group Inc.’s holdings in EOG Resources were worth $4,213,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of EOG. Vanguard Group Inc. grew its holdings in shares of EOG Resources by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after purchasing an additional 446,341 shares during the last quarter. State Street Corp increased its position in EOG Resources by 0.3% in the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock valued at $3,209,365,000 after acquiring an additional 100,080 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of EOG Resources by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after acquiring an additional 371,548 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of EOG Resources by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock worth $1,364,309,000 after purchasing an additional 95,260 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in EOG Resources by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,507,760 shares of the energy exploration company’s stock valued at $683,382,000 after purchasing an additional 122,112 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 0.8%

EOG stock opened at $141.04 on Tuesday. The stock’s 50 day simple moving average is $136.07 and its 200 day simple moving average is $128.97. The company has a market cap of $75.12 billion, a P/E ratio of 13.88 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The firm had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the previous year, the company posted $2.87 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, 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 declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 2.9%. EOG Resources’s payout ratio is 40.16%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Truist Financial cut 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. JPMorgan Chase & Co. cut their price objective on EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 30th. Piper Sandler increased their target price on shares of EOG Resources from $144.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, April 1st. Wells Fargo & Company set a $196.00 price target on shares of EOG Resources and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $155.04.

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.