D.A. Davidson & CO. lessened its stake in EOG Resources, Inc. (NYSE:EOG – Free Report) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,357 shares of the energy exploration company’s stock after selling 305 shares during the period. D.A. Davidson & CO.’s holdings in EOG Resources were worth $7,135,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of EOG. CENTRAL TRUST Co lifted its holdings in EOG Resources by 0.8% during the 3rd quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company’s stock worth $1,019,000 after buying an additional 74 shares during the period. Bollard Group LLC raised its position in shares of EOG Resources by 0.7% during the fourth quarter. Bollard Group LLC now owns 10,569 shares of the energy exploration company’s stock worth $1,369,000 after acquiring an additional 77 shares during the last quarter. FSM Wealth Advisors LLC lifted its stake in shares of EOG Resources by 1.7% in the fourth quarter. FSM Wealth Advisors LLC now owns 5,018 shares of the energy exploration company’s stock worth $650,000 after acquiring an additional 85 shares during the period. White Pine Capital LLC boosted its holdings in EOG Resources by 2.2% in the fourth quarter. White Pine Capital LLC now owns 3,942 shares of the energy exploration company’s stock valued at $511,000 after acquiring an additional 85 shares during the last quarter. Finally, Chelsea Counsel Co. raised its holdings in EOG Resources by 1.4% during the 4th quarter. Chelsea Counsel Co. now owns 6,360 shares of the energy exploration company’s stock worth $824,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 89.58% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of EOG Resources from $139.00 to $144.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 12th. Raymond James lifted their price target on EOG Resources from $140.00 to $150.00 and gave the company a “strong-buy” rating in a research note on Friday, April 21st. Truist Financial upped their price target on EOG Resources from $146.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, April 11th. The Goldman Sachs Group downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $137.00 to $130.00 in a report on Tuesday, June 13th. Finally, Stifel Nicolaus lowered their target price on shares of EOG Resources from $142.00 to $141.00 in a report on Monday, May 22nd. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.17.
Insider Buying and Selling
EOG Resources Trading Up 3.5 %
EOG opened at $116.20 on Monday. The business has a 50 day simple moving average of $112.13 and a two-hundred day simple moving average of $118.27. EOG Resources, Inc. has a one year low of $92.16 and a one year high of $150.88. The firm has a market capitalization of $67.96 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 0.36 and a beta of 1.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.17 and a quick ratio of 1.90.
EOG Resources (NYSE:EOG – Free Report) last posted its earnings results on Friday, May 5th. The energy exploration company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.42 by $0.27. EOG Resources had a net margin of 33.83% and a return on equity of 30.34%. The firm had revenue of $6.04 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same period last year, the company posted $4.00 EPS. The company’s quarterly revenue was up 51.7% compared to the same quarter last year. Analysts predict that EOG Resources, Inc. will post 11.21 EPS for the current year.
EOG Resources Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Monday, July 17th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Friday, July 14th. EOG Resources’s dividend payout ratio is currently 20.64%.
EOG Resources Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.
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