Procyon Advisors LLC Purchases 759 Shares of EOG Resources, Inc. (NYSE:EOG)

Procyon Advisors LLC increased its holdings in EOG Resources, Inc. (NYSE:EOGFree Report) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,717 shares of the energy exploration company’s stock after purchasing an additional 759 shares during the quarter. Procyon Advisors LLC’s holdings in EOG Resources were worth $692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of EOG. Planned Solutions Inc. purchased a new position in shares of EOG Resources during the fourth quarter valued at approximately $159,000. Viking Fund Management LLC raised its holdings in EOG Resources by 21.2% in the 4th quarter. Viking Fund Management LLC now owns 40,000 shares of the energy exploration company’s stock worth $4,838,000 after purchasing an additional 7,000 shares in the last quarter. Tectonic Advisors LLC lifted its position in shares of EOG Resources by 11.6% in the 4th quarter. Tectonic Advisors LLC now owns 5,118 shares of the energy exploration company’s stock worth $619,000 after purchasing an additional 532 shares during the period. Simon Quick Advisors LLC boosted its stake in shares of EOG Resources by 7.0% during the 4th quarter. Simon Quick Advisors LLC now owns 2,356 shares of the energy exploration company’s stock valued at $285,000 after purchasing an additional 155 shares in the last quarter. Finally, Oak Ridge Investments LLC increased its position in shares of EOG Resources by 0.4% during the fourth quarter. Oak Ridge Investments LLC now owns 37,707 shares of the energy exploration company’s stock valued at $4,561,000 after buying an additional 165 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of research reports. Stifel Nicolaus dropped their target price on shares of EOG Resources from $163.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Bank of America cut shares of EOG Resources from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $147.00 to $140.00 in a report on Friday, January 5th. Susquehanna lowered their target price on shares of EOG Resources from $164.00 to $147.00 and set a “positive” rating for the company in a report on Friday, January 26th. Mizuho cut their price target on EOG Resources from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Wednesday, January 3rd. Finally, Truist Financial reduced their price objective on EOG Resources from $172.00 to $165.00 and set a “buy” rating for the company in a research report on Monday, February 26th. Eleven equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $140.20.

View Our Latest Analysis on EOG Resources

EOG Resources Trading Up 1.1 %

NYSE:EOG opened at $127.84 on Friday. EOG Resources, Inc. has a 12 month low of $106.32 and a 12 month high of $136.79. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The company has a market cap of $74.15 billion, a PE ratio of 9.86 and a beta of 1.39. The company has a 50 day simple moving average of $116.32 and a two-hundred day simple moving average of $121.44.

EOG Resources (NYSE:EOGGet Free Report) last announced its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 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 firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the previous year, the business earned $3.30 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. Research analysts forecast that EOG Resources, Inc. will post 11.43 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is 27.98%.

EOG Resources Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.