abrdn plc Has $36.10 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

abrdn plc grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 49.1% in the fourth quarter, HoldingsChannel reports. The fund owned 298,448 shares of the energy exploration company’s stock after acquiring an additional 98,287 shares during the period. abrdn plc’s holdings in EOG Resources were worth $36,097,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Dupree Financial Group LLC acquired a new position in EOG Resources during the 4th quarter worth approximately $4,843,000. J.W. Cole Advisors Inc. boosted its position in EOG Resources by 24.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 2,353 shares of the energy exploration company’s stock worth $285,000 after acquiring an additional 461 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its position in EOG Resources by 8.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,783 shares of the energy exploration company’s stock worth $216,000 after acquiring an additional 138 shares during the last quarter. Greenleaf Trust boosted its position in EOG Resources by 3.9% during the 4th quarter. Greenleaf Trust now owns 10,548 shares of the energy exploration company’s stock worth $1,276,000 after acquiring an additional 399 shares during the last quarter. Finally, Xponance Inc. boosted its position in EOG Resources by 21.5% during the 4th quarter. Xponance Inc. now owns 82,074 shares of the energy exploration company’s stock worth $9,927,000 after acquiring an additional 14,523 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EOG. Morgan Stanley upped their price objective on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. TD Securities dropped their price objective on EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. Barclays initiated coverage on EOG Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a research note on Tuesday, April 9th. Finally, Susquehanna increased their price target on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research note on Monday. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and an average target price of $142.33.

EOG Resources Stock Performance

NYSE:EOG opened at $133.90 on Tuesday. The stock’s 50-day simple moving average is $123.87 and its 200 day simple moving average is $122.16. The firm has a market capitalization of $77.02 billion, a PE ratio of 10.29 and a beta of 1.40. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67.

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

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Monday, April 15th. EOG Resources’s payout ratio is 27.98%.

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.