Ellsworth Advisors LLC Purchases 438 Shares of EOG Resources, Inc. (NYSE:EOG)

Ellsworth Advisors LLC raised its position in EOG Resources, Inc. (NYSE:EOG) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,810 shares of the energy exploration company’s stock after buying an additional 438 shares during the quarter. Ellsworth Advisors LLC’s holdings in EOG Resources were worth $1,428,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of EOG. Cetera Investment Advisers boosted its stake in shares of EOG Resources by 16.0% in the 1st quarter. Cetera Investment Advisers now owns 16,031 shares of the energy exploration company’s stock valued at $1,911,000 after purchasing an additional 2,213 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in shares of EOG Resources in the 1st quarter valued at approximately $404,000. Sequoia Financial Advisors LLC acquired a new stake in shares of EOG Resources in the 1st quarter valued at approximately $278,000. Zions Bancorporation N.A. boosted its stake in shares of EOG Resources by 237.7% in the 1st quarter. Zions Bancorporation N.A. now owns 1,155 shares of the energy exploration company’s stock valued at $138,000 after purchasing an additional 813 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of EOG Resources by 23.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 662 shares of the energy exploration company’s stock valued at $79,000 after purchasing an additional 127 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EOG shares. 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 Monday, March 4th. Susquehanna reduced their price target on shares of EOG Resources from $164.00 to $147.00 and set a “positive” rating on the stock in a research note on Friday, January 26th. TD Securities cut their target price on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd. Piper Sandler cut their target price on shares of EOG Resources from $153.00 to $141.00 and set an “overweight” rating on the stock in a research report on Thursday, March 7th. Finally, Stifel Nicolaus cut their target price on shares of EOG Resources from $163.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Eleven 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 company’s stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and an average price target of $140.20.

EOG Resources Trading Up 1.1 %

Shares of NYSE EOG traded up $1.45 during midday trading on Friday, reaching $127.84. The stock had a trading volume of 3,310,524 shares, compared to its average volume of 4,029,378. The firm has a market cap of $74.15 billion, a price-to-earnings ratio of 9.83 and a beta of 1.39. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $136.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The company’s 50 day moving average price is $116.32 and its 200 day moving average price is $121.44.

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 company had revenue of $6.36 billion during 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 revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.30 EPS. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.43 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.85%. EOG Resources’s dividend 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.