EOG Resources, Inc. (NYSE:EOG) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 15.5% in the fourth quarter, HoldingsChannel reports. The firm owned 28,300 shares of the energy exploration company’s stock after selling 5,200 shares during the quarter. Intact Investment Management Inc.’s holdings in EOG Resources were worth $3,423,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of EOG Resources during the 3rd quarter worth about $4,431,000. TIAA Trust National Association grew its holdings in shares of 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 purchasing an additional 49,840 shares during the period. AIA Group Ltd lifted 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 in the last quarter. L. Roy Papp & Associates LLP lifted 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 in the last quarter. Finally, NewEdge Wealth LLC lifted 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 in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock traded up $0.34 during mid-day trading on Friday, reaching $135.70. The stock had a trading volume of 1,841,074 shares, compared to its average volume of 2,825,198. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. The firm has a market cap of $78.06 billion, a PE ratio of 10.43 and a beta of 1.40. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67. The firm’s 50 day simple moving average is $125.70 and its 200 day simple moving average is $122.48.

EOG Resources (NYSE:EOG) last released 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 net margin of 31.40% and a return on equity of 25.38%. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period in the prior year, the business earned $3.30 earnings per share. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, analysts forecast that EOG Resources, Inc. will post 12.3 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced 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 2.68%. EOG Resources’s dividend payout ratio (DPR) is currently 27.98%.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of recent analyst reports. 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research report on Tuesday, April 9th. 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. Scotiabank downgraded EOG Resources from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the company from $135.00 to $155.00 in a report on Thursday, April 11th. Finally, KeyCorp upped their price objective on EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EOG Resources currently has a consensus rating of “Moderate Buy” and an average target price of $142.19.

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.