1900 Wealth Management LLC Has $440,000 Holdings in EOG Resources, Inc. (NYSE:EOG)

1900 Wealth Management LLC cut its stake in EOG Resources, Inc. (NYSE:EOG) by 33.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,638 shares of the energy exploration company’s stock after selling 1,821 shares during the period. 1900 Wealth Management LLC’s holdings in EOG Resources were worth $440,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. acquired a new position in shares of EOG Resources in the 3rd quarter worth approximately $4,431,000. TIAA Trust National Association grew its position in EOG Resources by 639.3% during the 4th quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock worth $6,971,000 after acquiring an additional 49,840 shares during the last quarter. AIA Group Ltd grew its position in EOG Resources by 128.0% during the 4th quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock worth $1,234,000 after acquiring an additional 5,728 shares during the last quarter. L. Roy Papp & Associates LLP grew its position in EOG Resources by 18.3% during the 4th quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after acquiring an additional 26,026 shares during the last quarter. Finally, NewEdge Wealth LLC grew its position in EOG Resources by 9.3% during the 4th quarter. NewEdge Wealth LLC now owns 115,960 shares of the energy exploration company’s stock worth $14,025,000 after acquiring an additional 9,837 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Up 0.3 %

Shares of EOG stock traded up $0.36 on Tuesday, reaching $134.26. 441,577 shares of the company were exchanged, compared to its average volume of 3,371,893. The company has a market cap of $77.23 billion, a price-to-earnings ratio of 10.29 and a beta of 1.40. The company has a 50-day moving average of $123.87 and a 200-day moving average of $122.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last announced 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 firm had revenue of $6.36 billion for 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%. EOG Resources’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period last year, the company posted $3.30 earnings per share. Analysts anticipate that EOG Resources, Inc. will post 12.07 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.71%. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley increased their price objective on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Raymond James reduced their price target on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Susquehanna raised their price objective on EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research note on Monday. Truist Financial dropped their price objective on EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Finally, Mizuho raised their price objective on EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and an average target price of $142.33.

EOG Resources 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.