Mackenzie Financial Corp Acquires 593 Shares of EOG Resources, Inc. (NYSE:EOG)

Mackenzie Financial Corp lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,668 shares of the energy exploration company’s stock after purchasing an additional 593 shares during the period. Mackenzie Financial Corp’s holdings in EOG Resources were worth $5,040,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fortis Capital Advisors LLC bought a new stake in shares of EOG Resources during the 4th quarter worth $28,000. Lumature Wealth Partners LLC purchased a new stake in EOG Resources in the 1st quarter worth about $28,000. McIlrath & Eck LLC increased its holdings in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 104 shares during the last quarter. Peoples Bank KS purchased a new stake in EOG Resources in the 3rd quarter worth about $31,000. Finally, Exchange Traded Concepts LLC increased its holdings in EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 212 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EOG shares. Mizuho lifted their price objective on EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Piper Sandler lifted their price objective on EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a report on Friday. Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $135.00 to $155.00 in a report on Thursday, April 11th. Truist Financial reduced their target price on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, Barclays assumed coverage on EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 target price for the company. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $141.48.

Read Our Latest Stock Analysis on EOG Resources

EOG Resources Stock Performance

NYSE:EOG opened at $133.17 on Friday. The business has a 50 day moving average of $123.45 and a 200 day moving average of $122.04. The company has a market capitalization of $76.60 billion, a price-to-earnings ratio of 10.24 and a beta of 1.40. EOG Resources, Inc. has a 1-year low of $106.32 and a 1-year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13.

EOG Resources (NYSE:EOGGet Free Report) last released its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.30 EPS. On average, sell-side analysts predict that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a $0.91 dividend. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.73%. EOG Resources’s payout ratio is 27.98%.

EOG Resources Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOGFree Report).

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.