Adell Harriman & Carpenter Inc. Has $850,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

Adell Harriman & Carpenter Inc. raised its stake in EOG Resources, Inc. (NYSE:EOG) by 15.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,031 shares of the energy exploration company’s stock after acquiring an additional 931 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in EOG Resources were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. McIlrath & Eck LLC raised its stake in shares of EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after buying an additional 104 shares during the last quarter. Exchange Traded Concepts LLC raised 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 acquiring an additional 212 shares during the last quarter. Peoples Bank KS acquired a new position in shares of EOG Resources in the 3rd quarter valued at $31,000. Hall Laurie J Trustee bought a new position in shares of EOG Resources in the 4th quarter worth $36,000. Finally, Keener Financial Planning LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth $36,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Performance

Shares of NYSE:EOG traded down $1.91 during midday trading on Tuesday, hitting $134.34. The company had a trading volume of 475,853 shares, compared to its average volume of 3,315,529. The company has a fifty day moving average of $126.15 and a two-hundred day moving average of $122.49. 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 12-month low of $106.32 and a 12-month high of $139.67. The company has a market cap of $77.28 billion, a price-to-earnings ratio of 10.47 and a beta of 1.40.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $6.18 billion. During the same period last year, the business posted $3.30 EPS. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities research analysts expect that EOG Resources, Inc. will post 12.3 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Monday, April 15th. EOG Resources’s payout ratio is presently 27.98%.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of recent analyst reports. KeyCorp raised their target price on EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Mizuho increased their target price on shares of EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Bank of America lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their price target for the company from $147.00 to $140.00 in a report on Friday, January 5th. Scotiabank downgraded EOG Resources from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the stock from $135.00 to $155.00 in a research note on Thursday, April 11th. Finally, StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a report on Monday, April 22nd. Twelve 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.19.

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.