United Asset Strategies Inc. Has $663,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

United Asset Strategies Inc. boosted its position in EOG Resources, Inc. (NYSE:EOG) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,483 shares of the energy exploration company’s stock after purchasing an additional 322 shares during the period. United Asset Strategies Inc.’s holdings in EOG Resources were worth $663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fortis Capital Advisors LLC acquired a new position in EOG Resources in the 4th quarter worth about $28,000. Lumature Wealth Partners LLC bought a new stake in shares of EOG Resources in the 1st quarter valued at about $28,000. McIlrath & Eck LLC grew its position in shares of EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 104 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of EOG Resources by 530.0% during the 4th 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 in the last quarter. Finally, Peoples Bank KS bought a new stake in shares of EOG Resources during the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EOG shares. JPMorgan Chase & Co. upped their target price on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Raymond James cut their price target on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Scotiabank downgraded EOG Resources from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the stock from $135.00 to $155.00 in a research note on Thursday, April 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 price objective on shares of EOG Resources in a research note on Tuesday, April 9th. Finally, Susquehanna lowered their price objective on EOG Resources from $164.00 to $147.00 and set a “positive” rating for the company in a research note on Friday, January 26th. Thirteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $140.90.

EOG Resources Stock Performance

NYSE:EOG opened at $132.94 on Wednesday. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67. The business’s fifty day moving average is $122.23 and its 200 day moving average is $121.84. 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 firm has a market cap of $76.47 billion, a price-to-earnings ratio of 10.22 and a beta of 1.40.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the previous year, the firm earned $3.30 earnings per share. EOG Resources’s quarterly revenue was down 5.4% compared to the same quarter last year. Research analysts predict 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. Stockholders of record on Tuesday, April 16th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Monday, April 15th. 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.