Syon Capital LLC Has $520,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

Syon Capital LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 10.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,303 shares of the energy exploration company’s stock after buying an additional 405 shares during the period. Syon Capital LLC’s holdings in EOG Resources were worth $520,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Qube Research & Technologies Ltd lifted its position in shares of EOG Resources by 863.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock valued at $139,445,000 after acquiring an additional 985,884 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of EOG Resources by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock valued at $1,462,966,000 after buying an additional 892,951 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in EOG Resources during the third quarter valued at $71,596,000. Invesco Ltd. lifted its stake in EOG Resources by 15.2% in the 3rd quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock worth $443,088,000 after acquiring an additional 460,872 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in EOG Resources by 38.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,474,807 shares of the energy exploration company’s stock worth $186,946,000 after acquiring an additional 408,833 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a report on Tuesday, April 9th. Bank of America cut shares of EOG Resources from a “buy” rating to a “neutral” rating and lowered their price target for the company from $147.00 to $140.00 in a report on Friday, January 5th. Piper Sandler upped their price target on shares of EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. lifted their price objective on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Finally, Truist Financial dropped their target price on EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $142.19.

EOG Resources Stock Up 0.3 %

EOG Resources stock opened at $135.71 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The firm has a fifty day moving average price of $125.70 and a two-hundred day moving average price of $122.51. The firm has a market cap of $78.06 billion, a price-to-earnings ratio of 10.43 and a beta of 1.40.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. EOG Resources’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.30 EPS. As a group, analysts forecast that EOG Resources, Inc. will post 12.29 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.68%. EOG Resources’s dividend payout ratio is 27.98%.

About EOG Resources

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.