Wealth Alliance Reduces Stock Position in EOG Resources, Inc. (NYSE:EOG)

Wealth Alliance lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,444 shares of the energy exploration company’s stock after selling 120 shares during the quarter. Wealth Alliance’s holdings in EOG Resources were worth $658,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EOG. CENTRAL TRUST Co boosted its position in shares of EOG Resources by 0.8% during the third 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. Ballentine Partners LLC boosted its holdings in EOG Resources by 3.0% in the third quarter. Ballentine Partners LLC now owns 2,614 shares of the energy exploration company’s stock valued at $331,000 after purchasing an additional 75 shares during the period. Covestor Ltd boosted its holdings in EOG Resources by 7.2% in the third quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock valued at $154,000 after purchasing an additional 82 shares during the period. ORG Partners LLC boosted its holdings in EOG Resources by 1.0% in the third quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock valued at $1,118,000 after purchasing an additional 84 shares during the period. Finally, White Pine Capital LLC raised its stake 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 buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EOG. Susquehanna cut their price target on EOG Resources from $164.00 to $147.00 and set a “positive” rating on the stock in a research note on Friday, January 26th. Truist Financial cut their target price on EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. TD Securities cut their target price on EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd. Barclays initiated coverage on EOG Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 target price on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a research report on Tuesday, April 9th. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $140.90.

EOG Resources Trading Down 0.4 %

Shares of EOG Resources stock opened at $132.40 on Thursday. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The firm has a market cap of $76.16 billion, a PE ratio of 10.18 and a beta of 1.40. The business’s fifty day moving average is $122.63 and its two-hundred day moving average is $121.92. 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 issued its quarterly 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 for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the prior year, the company earned $3.30 EPS. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. Analysts anticipate that EOG Resources, Inc. will post 12.07 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) 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.