EOG Resources Inc (NYSE:EOG) Stock Holdings Increased by Trillium Asset Management LLC
Trillium Asset Management LLC lifted its stake in EOG Resources Inc (NYSE:EOG) by 8.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,290 shares of the energy exploration company’s stock after purchasing an additional 7,715 shares during the quarter. Trillium Asset Management LLC’s holdings in EOG Resources were worth $3,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of EOG. Keebeck Wealth Management LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth approximately $36,000. Coastal Investment Advisors Inc. increased its holdings in EOG Resources by 35.9% in the fourth quarter. Coastal Investment Advisors Inc. now owns 685 shares of the energy exploration company’s stock worth $48,000 after buying an additional 181 shares during the last quarter. Private Capital Group LLC increased its holdings in EOG Resources by 55.2% in the first quarter. Private Capital Group LLC now owns 1,332 shares of the energy exploration company’s stock worth $48,000 after buying an additional 474 shares during the last quarter. Pacifica Partners Inc. acquired a new position in EOG Resources in the fourth quarter worth approximately $49,000. Finally, Gradient Investments LLC increased its holdings in EOG Resources by 59.7% in the first quarter. Gradient Investments LLC now owns 1,428 shares of the energy exploration company’s stock worth $51,000 after buying an additional 534 shares during the last quarter. 87.83% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on EOG. Piper Sandler downgraded EOG Resources from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $113.00 to $39.00 in a report on Tuesday, March 24th. Zacks Investment Research upgraded EOG Resources from a “strong sell” rating to a “hold” rating and set a $44.00 price objective on the stock in a report on Monday, May 11th. UBS Group dropped their price objective on EOG Resources from $118.00 to $59.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Edward Jones downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Morgan Stanley lowered their price target on EOG Resources from $42.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 15th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $72.48.
EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, May 7th. The energy exploration company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.11). The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $3.83 billion. EOG Resources had a return on equity of 11.89% and a net margin of 11.69%. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period last year, the business earned $1.19 earnings per share. On average, equities analysts forecast that EOG Resources Inc will post 0.64 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a $0.375 dividend. The ex-dividend date is Thursday, July 16th. This represents a $1.50 annualized dividend and a yield of 3.15%. EOG Resources’s dividend payout ratio (DPR) is currently 30.12%.
EOG Resources Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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