Axxcess Wealth Management LLC Buys 2,428 Shares of EOG Resources, Inc. (NYSE:EOG)

Axxcess Wealth Management LLC raised its position in shares of EOG Resources, Inc. (NYSE:EOG) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,172 shares of the energy exploration company’s stock after purchasing an additional 2,428 shares during the period. Axxcess Wealth Management LLC’s holdings in EOG Resources were worth $1,835,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in EOG Resources by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock worth $1,639,903,000 after acquiring an additional 145,691 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in 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 worth $1,462,966,000 after buying an additional 892,951 shares during the period. Morgan Stanley boosted its position in EOG Resources by 1.5% during the third quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock valued at $987,432,000 after purchasing an additional 116,860 shares in the last quarter. Northern Trust Corp lifted its position in EOG Resources by 3.1% during the third quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company’s stock valued at $793,607,000 after acquiring an additional 185,882 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of EOG Resources by 15.2% during the 3rd quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock valued at $443,088,000 after purchasing an additional 460,872 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Trading Down 1.4 %

NYSE:EOG traded down $1.78 during trading hours on Friday, hitting $130.02. The company had a trading volume of 5,660,840 shares, compared to its average volume of 2,953,117. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1 year low of $106.32 and a 1 year high of $139.67. The company has a 50-day moving average of $127.48 and a 200 day moving average of $122.57. The company has a market cap of $74.79 billion, a P/E ratio of 10.27 and a beta of 1.38.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 25.11%. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the previous year, the company earned $2.69 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts expect that EOG Resources, Inc. will post 12.14 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.80%. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of research analyst reports. KeyCorp boosted their price target on EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Truist Financial reduced their target price 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. Susquehanna lifted their price objective on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Mizuho lifted their price target on EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources has a consensus rating of “Hold” and a consensus target price of $142.27.

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.