Raymond James & Associates Buys 94,715 Shares of EOG Resources, Inc. (NYSE:EOG)

Raymond James & Associates grew its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 11.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 888,501 shares of the energy exploration company's stock after purchasing an additional 94,715 shares during the period. Raymond James & Associates owned approximately 0.15% of EOG Resources worth $113,586,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Consolidated Investment Group LLC boosted its stake in EOG Resources by 16.4% during the first quarter. Consolidated Investment Group LLC now owns 24,100 shares of the energy exploration company's stock worth $3,081,000 after acquiring an additional 3,400 shares in the last quarter. American National Bank & Trust Co. VA bought a new stake in EOG Resources during the first quarter worth about $355,000. Retirement Guys Formula LLC boosted its stake in EOG Resources by 32.3% during the first quarter. Retirement Guys Formula LLC now owns 10,680 shares of the energy exploration company's stock worth $1,365,000 after acquiring an additional 2,608 shares in the last quarter. RBA Wealth Management LLC boosted its stake in EOG Resources by 6.1% during the first quarter. RBA Wealth Management LLC now owns 16,900 shares of the energy exploration company's stock worth $2,160,000 after acquiring an additional 972 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its stake in EOG Resources by 1.7% during the first quarter. Legacy Wealth Asset Management LLC now owns 7,679 shares of the energy exploration company's stock worth $982,000 after acquiring an additional 128 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

Analysts Set New Price Targets

EOG has been the topic of several research reports. Piper Sandler boosted their price objective on shares of EOG Resources from $141.00 to $153.00 and gave the stock an "overweight" rating in a research note on Friday, April 19th. TD Cowen lifted their target price on shares of EOG Resources from $130.00 to $144.00 and gave the stock a "hold" rating in a report on Tuesday. Morgan Stanley lifted their target price on shares of EOG Resources from $132.00 to $133.00 and gave the stock an "equal weight" rating in a report on Monday, April 15th. Citigroup lifted their target price on shares of EOG Resources from $120.00 to $124.00 and gave the stock a "neutral" rating in a report on Monday, March 18th. Finally, Bank of America cut shares of EOG Resources from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $147.00 to $140.00 in a report on Friday, January 5th. Thirteen 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, the stock has a consensus rating of "Hold" and an average price target of $142.27.

EOG Resources Stock Performance

NYSE EOG traded down $2.18 during trading hours on Wednesday, hitting $129.95. 3,408,093 shares of the company's stock traded hands, compared to its average volume of 3,353,959. The business's fifty day moving average price is $126.80 and its two-hundred day moving average price is $122.53. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $74.75 billion, a P/E ratio of 9.99 and a beta of 1.40. EOG Resources, Inc. has a 52 week low of $106.32 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $3.30 earnings per share. Equities research analysts predict that EOG Resources, Inc. will post 12.32 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were given a $0.91 dividend. The ex-dividend date was Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.80%. EOG Resources's payout ratio is currently 27.98%.

EOG Resources Company 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.

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