Bison Wealth LLC Buys 377 Shares of EOG Resources, Inc. (NYSE:EOG)

Bison Wealth LLC increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 7.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,761 shares of the energy exploration company’s stock after acquiring an additional 377 shares during the period. Bison Wealth LLC’s holdings in EOG Resources were worth $697,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Fortis Capital Advisors LLC acquired a new position in EOG Resources during the fourth quarter worth approximately $28,000. Lumature Wealth Partners LLC acquired a new position in EOG Resources during the first quarter worth approximately $28,000. McIlrath & Eck LLC grew its position in shares of EOG Resources by 77.6% in the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 104 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares during the last quarter. Finally, Peoples Bank KS acquired a new position in shares of EOG Resources in the third quarter valued at approximately $31,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $132.39 on Tuesday. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67. The stock’s 50 day moving average price is $121.81 and its 200-day moving average price is $121.80. The company has a market capitalization of $76.15 billion, a PE ratio of 10.18 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 (NYSE:EOG) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the previous year, the firm earned $3.30 EPS. EOG Resources’s quarterly revenue was down 5.4% on a year-over-year basis. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.95 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors 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 yield of 2.75%. EOG Resources’s payout ratio is 27.98%.

Wall Street Analyst Weigh In

EOG has been the subject of several recent analyst reports. KeyCorp cut their target price on EOG Resources from $157.00 to $147.00 and set an “overweight” rating for the company in a research note on Thursday, January 11th. JPMorgan Chase & Co. increased their price target on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Scotiabank cut EOG Resources from a “sector outperform” rating to a “sector perform” rating and increased their price target for the company from $135.00 to $155.00 in a research note on Thursday, April 11th. Piper Sandler dropped their price target on EOG Resources from $153.00 to $141.00 and set an “overweight” rating for the company in a research note on Thursday, March 7th. Finally, Raymond James dropped their price target on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Thirteen research analysts have rated the stock with a hold rating, eight have given 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 “Hold” and a consensus price target of $140.90.

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.