NEOS Investment Management LLC Has $4.42 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

NEOS Investment Management LLC boosted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 31.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,035 shares of the energy exploration company's stock after purchasing an additional 8,609 shares during the period. NEOS Investment Management LLC's holdings in EOG Resources were worth $4,417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Financial Life Planners bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd raised its position in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources during the fourth quarter worth $25,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources in the fourth quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new position in shares of EOG Resources in the fourth quarter valued at about $27,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Up 0.3 %

NYSE EOG traded up $0.40 during trading on Tuesday, hitting $128.64. The stock had a trading volume of 462,884 shares, compared to its average volume of 3,093,044. EOG Resources, Inc. has a 12 month low of $115.78 and a 12 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 company's 50-day moving average price is $128.06 and its two-hundred day moving average price is $127.85. The company has a market capitalization of $71.25 billion, a PE ratio of 10.35, a P/E/G ratio of 3.58 and a beta of 1.25.

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EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio is currently 34.73%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Truist Financial raised their price objective on shares of EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Citigroup reduced their price objective on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Barclays lowered their target price on EOG Resources from $146.00 to $144.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 18th. Wolfe Research raised EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Finally, Piper Sandler lowered their price objective on EOG Resources from $141.00 to $135.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $144.67.

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.