Everpar Advisors LLC Takes Position in EOG Resources, Inc. (NYSE:EOG)

Everpar Advisors LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,715 shares of the energy exploration company’s stock, valued at approximately $328,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Qube Research & Technologies Ltd increased its position in 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 during the period. Ameriprise Financial Inc. increased its position in EOG Resources by 8.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock valued at $1,462,966,000 after acquiring an additional 892,951 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in EOG Resources in the 3rd quarter valued at about $71,596,000. Invesco Ltd. increased its position 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 valued at $443,088,000 after acquiring an additional 460,872 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in EOG Resources by 38.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,474,807 shares of the energy exploration company’s stock valued at $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.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EOG. TD Cowen boosted their price target on EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Barclays began coverage on EOG Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Piper Sandler boosted their target price on EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Morgan Stanley boosted their target price on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Fourteen 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 company. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and an average target price of $142.27.

EOG Resources Price Performance

EOG stock traded down $0.43 on Wednesday, reaching $129.83. The company had a trading volume of 2,799,888 shares, compared to its average volume of 3,385,777. EOG Resources, Inc. has a 1 year low of $106.32 and a 1 year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The company’s fifty day moving average is $128.17 and its 200 day moving average is $122.33. The company has a market cap of $74.61 billion, a P/E ratio of 10.26 and a beta of 1.38.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. 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 prior year, the company earned $2.69 EPS. EOG Resources’s revenue was up 1.3% on a year-over-year basis. On average, research analysts forecast 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 paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s payout ratio is currently 28.75%.

EOG Resources Company 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.