Harfst & Associates Inc. Sells 1,360 Shares of EOG Resources, Inc. $EOG

Harfst & Associates Inc. cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 9.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,711 shares of the energy exploration company’s stock after selling 1,360 shares during the period. Harfst & Associates Inc.’s holdings in EOG Resources were worth $1,640,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EOG. Banque Cantonale Vaudoise bought a new position in EOG Resources in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd boosted its stake in EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 219 shares during the period. Saudi Central Bank purchased a new position in EOG Resources during the first quarter worth about $28,000. Raleigh Capital Management Inc. bought a new position in EOG Resources in the 2nd quarter worth about $29,000. Finally, ORG Partners LLC raised its holdings in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock valued at $34,000 after acquiring an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.8%

EOG opened at $106.27 on Thursday. The company has a market cap of $57.66 billion, a P/E ratio of 10.33, a P/E/G ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The business’s 50-day moving average price is $109.14 and its 200-day moving average price is $115.30. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The business had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the firm earned $2.89 EPS. The business’s quarterly revenue was down 2.0% on a year-over-year basis. On average, equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.8%. EOG Resources’s payout ratio is presently 40.64%.

Analysts Set New Price Targets

Several research firms recently weighed in on EOG. Melius Research assumed coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They issued a “buy” rating and a $173.00 price objective on the stock. Morgan Stanley boosted their price target on shares of EOG Resources from $136.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c)” rating on shares of EOG Resources in a research report on Wednesday, October 8th. Piper Sandler cut their target price on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. Finally, Mizuho lowered their price target on EOG Resources from $140.00 to $133.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $140.33.

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.