EOG Resources, Inc. (NYSE:EOG) Stock Holdings Lifted by DnB Asset Management AS

DnB Asset Management AS grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 176,571 shares of the energy exploration company's stock after acquiring an additional 3,570 shares during the period. DnB Asset Management AS's holdings in EOG Resources were worth $21,644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. World Investment Advisors LLC acquired a new stake in EOG Resources in the third quarter valued at $730,000. Mountain Lake Investment Management LLC acquired a new stake in shares of EOG Resources in the 4th quarter valued at about $735,000. Oak Ridge Investments LLC lifted its position in shares of EOG Resources by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company's stock worth $5,059,000 after purchasing an additional 2,311 shares during the last quarter. Tobam acquired a new position in EOG Resources in the fourth quarter worth about $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in EOG Resources by 161.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company's stock valued at $550,000 after buying an additional 2,773 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on EOG. Williams Trading set a $154.00 target price on EOG Resources in a research report on Wednesday, March 5th. Bank of America reaffirmed a "neutral" rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Truist Financial increased their target price on shares of EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Benchmark reaffirmed a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Finally, Raymond James increased their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $144.67.

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EOG Resources Price Performance

Shares of NYSE:EOG traded up $1.02 during trading on Tuesday, reaching $129.26. The company had a trading volume of 1,909,224 shares, compared to its average volume of 3,098,666. EOG Resources, Inc. has a twelve month low of $115.78 and a twelve month 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. The firm has a market capitalization of $71.60 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The firm's fifty day moving average is $128.06 and its 200 day moving average is $127.85.

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

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's payout ratio is 34.73%.

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.