Sequoia Financial Advisors LLC Raises Position in EOG Resources, Inc. (NYSE:EOG)

Sequoia Financial Advisors LLC increased its holdings in EOG Resources, Inc. (NYSE:EOG) by 76.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,609 shares of the energy exploration company’s stock after purchasing an additional 4,165 shares during the period. Sequoia Financial Advisors LLC’s holdings in EOG Resources were worth $1,162,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in EOG. Turtle Creek Wealth Advisors LLC purchased a new stake in EOG Resources in the 4th quarter valued at about $2,288,000. Allspring Global Investments Holdings LLC grew its holdings in EOG Resources by 7.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,552,513 shares of the energy exploration company’s stock valued at $308,727,000 after purchasing an additional 166,747 shares during the period. Fortem Financial Group LLC increased its position in EOG Resources by 11.8% during the fourth quarter. Fortem Financial Group LLC now owns 8,892 shares of the energy exploration company’s stock worth $1,075,000 after purchasing an additional 939 shares during the last quarter. Confluence Wealth Services Inc. raised its stake in EOG Resources by 11.4% during the fourth quarter. Confluence Wealth Services Inc. now owns 5,695 shares of the energy exploration company’s stock worth $689,000 after purchasing an additional 582 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at $218,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Raymond James dropped their price objective on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. 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 report on Thursday. Susquehanna reduced their price target on shares of EOG Resources from $164.00 to $147.00 and set a “positive” rating on the stock in a research report on Friday, January 26th. Barclays initiated coverage on shares of EOG Resources in a research note on Wednesday. They issued an “equal weight” rating and a $144.00 target price on the stock. Finally, Mizuho decreased their price target on shares of EOG Resources from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Wednesday, January 3rd. Thirteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, EOG Resources has an average rating of “Hold” and an average price target of $140.76.

EOG Resources Stock Performance

Shares of EOG opened at $135.29 on Friday. The firm has a market cap of $77.82 billion, a P/E ratio of 10.40 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67. The firm’s 50 day moving average price is $121.36 and its two-hundred day moving average price is $121.84.

EOG Resources (NYSE:EOG) last released its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period last year, the business posted $3.30 EPS. On average, analysts forecast that EOG Resources, Inc. will post 11.95 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 $0.91 dividend. The ex-dividend date is Monday, April 15th. This represents a $3.64 annualized dividend and a yield of 2.69%. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

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.