OMERS ADMINISTRATION Corp Has $4.37 Million Position in EOG Resources, Inc. $EOG

OMERS ADMINISTRATION Corp increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 24.1% during the 1st quarter, Holdings Channel reports. The fund owned 30,241 shares of the energy exploration company’s stock after acquiring an additional 5,865 shares during the period. OMERS ADMINISTRATION Corp’s holdings in EOG Resources were worth $4,372,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EOG. Twin Capital Management Inc. raised its holdings in shares of EOG Resources by 0.3% during the first quarter. Twin Capital Management Inc. now owns 23,980 shares of the energy exploration company’s stock valued at $3,467,000 after purchasing an additional 79 shares during the period. Hardy Reed LLC boosted its position in shares of EOG Resources by 3.8% during the 1st quarter. Hardy Reed LLC now owns 2,251 shares of the energy exploration company’s stock worth $325,000 after purchasing an additional 82 shares in the last quarter. Legacy Wealth Managment LLC ID grew its stake in shares of EOG Resources by 39.5% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 311 shares of the energy exploration company’s stock valued at $45,000 after buying an additional 88 shares during the period. Fulton Bank N.A. grew its stake in shares of EOG Resources by 2.1% in the 1st quarter. Fulton Bank N.A. now owns 4,577 shares of the energy exploration company’s stock valued at $662,000 after buying an additional 93 shares during the period. Finally, Ethos Financial Group LLC increased its position in EOG Resources by 2.5% in the 4th quarter. Ethos Financial Group LLC now owns 4,180 shares of the energy exploration company’s stock valued at $439,000 after buying an additional 100 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $140.31 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The stock has a market cap of $74.73 billion, a PE ratio of 13.81 and a beta of 0.25. The stock’s fifty day simple moving average is $136.70 and its two-hundred day simple moving average is $130.32. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.87 EPS. As a group, analysts forecast that EOG Resources, Inc. will post 16.16 EPS for the current fiscal year.

EOG Resources Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Weiss Ratings raised EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Jefferies Financial Group reissued a “buy” rating and issued a $175.00 price objective (up from $170.00) on shares of EOG Resources in a research note on Thursday, July 2nd. Barclays boosted their price objective on EOG Resources from $140.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Mizuho set a $157.00 target price on EOG Resources and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, DA Davidson increased their target price on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.32.

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.