Allianz SE Makes New Investment in EOG Resources, Inc. (NYSE:EOG)

Allianz SE purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 21,508 shares of the energy exploration company's stock, valued at approximately $2,593,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EOG. World Investment Advisors LLC bought a new stake in EOG Resources during the 3rd quarter worth approximately $730,000. Mountain Lake Investment Management LLC bought a new stake in shares of EOG Resources in the fourth quarter worth $735,000. Oak Ridge Investments LLC increased its holdings in EOG Resources by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company's stock valued at $5,059,000 after purchasing an additional 2,311 shares during the period. Tobam bought a new position in EOG Resources during the 4th quarter worth $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in EOG Resources by 161.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company's stock worth $550,000 after purchasing an additional 2,773 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Up 0.8 %

Shares of EOG Resources stock traded up $1.02 during trading hours on Tuesday, reaching $129.26. The company's stock had a trading volume of 1,926,383 shares, compared to its average volume of 3,098,667. The company has a market capitalization of $71.60 billion, a P/E ratio of 10.41, a P/E/G ratio of 3.58 and a beta of 1.25. The stock's fifty day simple moving average is $128.06 and its two-hundred day simple moving average is $127.85. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

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EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.02%. EOG Resources's dividend payout ratio (DPR) is currently 34.73%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on EOG shares. Raymond James increased their price target on EOG Resources from $167.00 to $175.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. Wells Fargo & Company lowered their price target on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Piper Sandler reduced their price objective on shares of EOG Resources from $141.00 to $135.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. Wolfe Research raised shares of EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. Finally, Bank of America reaffirmed a "neutral" rating and set a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $144.67.

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.