EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Waldron Private Wealth LLC

Waldron Private Wealth LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 15.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,234 shares of the energy exploration company’s stock after acquiring an additional 421 shares during the period. Waldron Private Wealth LLC’s holdings in EOG Resources were worth $391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CENTRAL TRUST Co raised its holdings in shares of EOG Resources by 0.8% in the third quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company’s stock worth $1,019,000 after acquiring an additional 74 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of EOG Resources by 3.0% in the third quarter. Ballentine Partners LLC now owns 2,614 shares of the energy exploration company’s stock worth $331,000 after acquiring an additional 75 shares during the last quarter. Covestor Ltd raised its holdings in shares of EOG Resources by 7.2% in the third quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock worth $154,000 after acquiring an additional 82 shares during the last quarter. ORG Partners LLC raised its holdings in shares of EOG Resources by 1.0% in the third quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock worth $1,118,000 after acquiring an additional 84 shares during the last quarter. Finally, White Pine Capital LLC grew its position in shares of EOG Resources by 2.2% in the fourth quarter. White Pine Capital LLC now owns 3,942 shares of the energy exploration company’s stock valued at $511,000 after purchasing an additional 85 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of EOG stock opened at $132.39 on Tuesday. EOG Resources, Inc. has a 12-month low of $106.32 and a 12-month high of $139.67. The firm has a market capitalization of $76.15 billion, a price-to-earnings ratio of 10.18 and a beta of 1.40. The business has a 50 day simple moving average of $121.81 and a 200 day simple moving average of $121.80. 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 (NYSE:EOG) last issued its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period last year, the company earned $3.30 earnings per share. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.95 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders 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 2.75%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is currently 27.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. KeyCorp lowered their price objective on EOG Resources from $157.00 to $147.00 and set an “overweight” rating for the company in a research report on Thursday, January 11th. Truist Financial lowered their price target on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, April 5th. JPMorgan Chase & Co. boosted their price target on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Stifel Nicolaus lowered their price target on EOG Resources from $163.00 to $153.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, Citigroup boosted their price target on EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $140.90.

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.