UniSuper Management Pty Ltd Purchases 7,923 Shares of EOG Resources, Inc. (NYSE:EOG)

UniSuper Management Pty Ltd grew its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 24.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 40,405 shares of the energy exploration company's stock after purchasing an additional 7,923 shares during the quarter. UniSuper Management Pty Ltd's holdings in EOG Resources were worth $4,953,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after buying an additional 781,282 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of EOG Resources by 1.5% during the third quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company's stock valued at $1,513,446,000 after purchasing an additional 180,755 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock valued at $694,717,000 after purchasing an additional 2,076,134 shares during the period. Pacer Advisors Inc. increased its stake in EOG Resources by 5.0% in the 4th quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company's stock worth $547,827,000 after purchasing an additional 214,497 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after buying an additional 2,792,092 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.

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Wall Street Analyst Weigh In

EOG has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of EOG Resources from $135.00 to $137.00 and gave the company a "hold" rating in a report on Monday, January 13th. Piper Sandler lowered their target price on EOG Resources from $141.00 to $135.00 and set a "neutral" rating on the stock in a research note on Thursday, March 6th. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Bank of America reaffirmed a "neutral" rating and set a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Citigroup lowered their price target on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Thirteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $144.67.

EOG Resources Trading Up 0.4 %

EOG Resources stock traded up $0.50 during mid-day trading on Tuesday, hitting $128.74. The stock had a trading volume of 1,068,283 shares, compared to its average volume of 3,095,572. The stock has a 50-day simple moving average of $128.06 and a two-hundred day simple moving average of $127.85. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $71.31 billion, a PE ratio of 10.36, a P/E/G ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 12 month low of $115.78 and a 12 month high of $139.67.

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

EOG Resources Announces Dividend

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