EOG Resources, Inc. (NYSE:EOG) Stock Holdings Lifted by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in EOG Resources, Inc. (NYSE:EOG) by 631.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,590 shares of the energy exploration company’s stock after acquiring an additional 81,654 shares during the quarter. Federated Hermes Inc.’s holdings in EOG Resources were worth $11,906,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of EOG Resources by 0.3% in the first quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company’s stock worth $6,938,635,000 after buying an additional 146,674 shares during the period. Capital Research Global Investors boosted its position in EOG Resources by 1.3% during the 1st quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company’s stock worth $3,693,261,000 after acquiring an additional 373,365 shares during the period. Capital World Investors grew its stake in EOG Resources by 5.4% during the 1st quarter. Capital World Investors now owns 26,782,454 shares of the energy exploration company’s stock valued at $3,423,869,000 after acquiring an additional 1,361,538 shares in the last quarter. Capital International Investors increased its holdings in shares of EOG Resources by 7.1% in the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company’s stock valued at $1,478,401,000 after purchasing an additional 766,056 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of EOG Resources by 26.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after purchasing an additional 1,029,727 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

EOG has been the topic of several research reports. Piper Sandler dropped their price objective on shares of EOG Resources from $154.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. JPMorgan Chase & Co. cut their price objective on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $147.00 target price on shares of EOG Resources in a research note on Wednesday, July 10th. Sanford C. Bernstein cut their price target on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Finally, Citigroup lifted their price target on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Fourteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $143.58.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now owns 74,250 shares in the company, valued at approximately $9,615,375. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the transaction, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Charles R. Crisp sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The disclosure for this sale can be found here. Insiders have sold 21,537 shares of company stock worth $2,751,612 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

NYSE EOG opened at $121.67 on Tuesday. The company’s fifty day moving average is $125.85 and its two-hundred day moving average is $126.39. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89. The firm has a market capitalization of $69.93 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 2.95 and a beta of 1.28.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the business earned $2.49 earnings per share. Equities research analysts forecast that EOG Resources, Inc. will post 12.2 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be given a $0.91 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.99%. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

EOG Resources Profile

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.