Crescent Grove Advisors LLC Acquires New Shares in EOG Resources, Inc. (NYSE:EOG)

Posted by Defense World Staff on Mar 22nd, 2023

Crescent Grove Advisors LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,610 shares of the energy exploration company’s stock, valued at approximately $209,000.

Other hedge funds also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of EOG Resources by 74.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 11,730 shares of the energy exploration company’s stock valued at $1,519,000 after buying an additional 4,988 shares during the last quarter. LaFleur & Godfrey LLC acquired a new stake in EOG Resources in the fourth quarter valued at approximately $4,009,000. TIAA FSB grew its position in EOG Resources by 1.7% in the fourth quarter. TIAA FSB now owns 80,750 shares of the energy exploration company’s stock worth $10,459,000 after acquiring an additional 1,378 shares in the last quarter. YHB Investment Advisors Inc. increased its stake in shares of EOG Resources by 7.3% during the 4th quarter. YHB Investment Advisors Inc. now owns 2,267 shares of the energy exploration company’s stock worth $294,000 after purchasing an additional 155 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of EOG Resources by 7.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 16,000 shares of the energy exploration company’s stock worth $2,072,000 after purchasing an additional 1,148 shares during the last quarter. 87.40% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Up 3.0 %

EOG Resources stock opened at $108.62 on Wednesday. The company has a fifty day simple moving average of $122.66 and a 200 day simple moving average of $126.93. The company has a current ratio of 1.90, a quick ratio of 1.71 and a debt-to-equity ratio of 0.15. EOG Resources, Inc. has a 1-year low of $92.16 and a 1-year high of $150.88. The company has a market cap of $63.84 billion, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 0.29 and a beta of 1.52.

EOG Resources (NYSE:EOG – Get Rating) last released its earnings results on Friday, February 24th. The energy exploration company reported $3.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). EOG Resources had a net margin of 30.19% and a return on equity of 34.95%. The company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same period in the prior year, the firm posted $3.09 EPS. EOG Resources’s revenue was up 11.2% compared to the same quarter last year. Research analysts anticipate that EOG Resources, Inc. will post 12.58 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, April 14th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Thursday, April 13th. EOG Resources’s dividend payout ratio (DPR) is presently 24.98%.

Insider Activity

In other EOG Resources news, Director Michael T. Kerr purchased 20,000 shares of EOG Resources stock in a transaction that occurred on Thursday, January 12th. The stock was acquired at an average price of $130.49 per share, for a total transaction of $2,609,800.00. Following the completion of the acquisition, the director now owns 170,000 shares of the company’s stock, valued at approximately $22,183,300. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EOG shares. Truist Financial decreased their price objective on shares of EOG Resources from $152.00 to $146.00 in a report on Thursday, December 15th. Mizuho lowered their price objective on EOG Resources from $160.00 to $150.00 in a report on Friday, March 10th. Credit Suisse Group reduced their target price on EOG Resources from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, February 24th. Raymond James increased their price target on EOG Resources from $155.00 to $171.00 in a report on Monday, November 28th. Finally, Piper Sandler reduced their price objective on shares of EOG Resources from $174.00 to $171.00 and set an “overweight” rating for the company in a research note on Tuesday, March 7th. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.45.

EOG Resources Company Profile

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EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.