Thurston Springer Miller Herd & Titak Inc. Reduces Position in EOG Resources, Inc. $EOG

Thurston Springer Miller Herd & Titak Inc. trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 96.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 331 shares of the energy exploration company’s stock after selling 8,878 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in EOG Resources were worth $37,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of EOG. StrongBox Wealth LLC boosted its holdings in EOG Resources by 1.9% in the second quarter. StrongBox Wealth LLC now owns 4,817 shares of the energy exploration company’s stock worth $576,000 after purchasing an additional 88 shares during the last quarter. ORG Partners LLC grew its holdings in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after acquiring an additional 88 shares during the period. Ameriflex Group Inc. lifted its holdings in EOG Resources by 31.6% in the second quarter. Ameriflex Group Inc. now owns 379 shares of the energy exploration company’s stock valued at $46,000 after acquiring an additional 91 shares during the period. Richardson Financial Services Inc. boosted its position in EOG Resources by 2.0% in the second quarter. Richardson Financial Services Inc. now owns 5,032 shares of the energy exploration company’s stock worth $610,000 after purchasing an additional 98 shares during the last quarter. Finally, Pinnacle Bancorp Inc. grew its stake in shares of EOG Resources by 5.2% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 2,035 shares of the energy exploration company’s stock valued at $243,000 after purchasing an additional 100 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on EOG. Mizuho set a $134.00 price objective on shares of EOG Resources and gave the stock a “neutral” rating in a report on Friday, December 12th. KeyCorp lowered their price target on shares of EOG Resources from $140.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, September 3rd. Sanford C. Bernstein dropped their target price on shares of EOG Resources from $146.00 to $144.00 and set a “market perform” rating for the company in a report on Friday, November 21st. Raymond James Financial restated a “strong-buy” rating and issued a $153.00 price objective on shares of EOG Resources in a research report on Wednesday, December 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of EOG Resources in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average target price of $138.93.

EOG Resources Trading Down 2.0%

EOG opened at $102.60 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62. The stock’s 50 day moving average price is $107.44 and its 200-day moving average price is $114.81. EOG Resources, Inc. has a one year low of $101.69 and a one year high of $138.18. The stock has a market cap of $55.67 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 7.93 and a beta of 0.49.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The company had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business earned $2.89 EPS. EOG Resources’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is currently 40.64%.

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.