Norden Group LLC Purchases 583 Shares of EOG Resources, Inc. (NYSE:EOG)

Norden Group LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 29.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,585 shares of the energy exploration company’s stock after purchasing an additional 583 shares during the period. Norden Group LLC’s holdings in EOG Resources were worth $313,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. McIlrath & Eck LLC grew its position in EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 104 shares during the last quarter. Exchange Traded Concepts LLC grew its position in EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 212 shares during the period. Peoples Bank KS bought a new position in EOG Resources in the 3rd quarter worth $31,000. Hall Laurie J Trustee purchased a new position in shares of EOG Resources during the 4th quarter valued at about $36,000. Finally, Keener Financial Planning LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth $36,000. 89.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the subject of several recent analyst reports. Mizuho upped their target price on shares of EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Scotiabank cut EOG Resources from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the stock from $135.00 to $155.00 in a report on Thursday, April 11th. Truist Financial cut their price objective on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a report on Friday, April 5th. Piper Sandler lifted their price objective on shares of EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, TD Securities dropped their target price on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, EOG Resources has a consensus rating of “Hold” and a consensus price target of $142.27.

EOG Resources Stock Performance

EOG Resources stock opened at $129.95 on Thursday. EOG Resources, Inc. has a 1-year low of $106.32 and a 1-year high of $139.67. The company’s 50-day moving average is $126.80 and its 200 day moving average is $122.53. The firm has a market capitalization of $74.75 billion, a P/E ratio of 9.99 and a beta of 1.38. 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 (NYSE:EOG) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.30 earnings per share. Research analysts forecast that EOG Resources, Inc. will post 12.15 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Monday, April 15th. EOG Resources’s dividend payout ratio is currently 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.