EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Graypoint LLC

Graypoint LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 17.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,004 shares of the energy exploration company’s stock after acquiring an additional 591 shares during the period. Graypoint LLC’s holdings in EOG Resources were worth $484,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in EOG. Envestnet Portfolio Solutions Inc. acquired a new stake in EOG Resources in the third quarter worth $4,431,000. Paradigm Financial Partners LLC increased its position in EOG Resources by 0.9% in the third quarter. Paradigm Financial Partners LLC now owns 30,004 shares of the energy exploration company’s stock worth $3,728,000 after buying an additional 271 shares during the period. TIAA Trust National Association increased its position in EOG Resources by 639.3% in the fourth quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock worth $6,971,000 after buying an additional 49,840 shares during the period. L. Roy Papp & Associates LLP increased its position in EOG Resources by 18.3% in the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after buying an additional 26,026 shares during the period. Finally, Pacer Advisors Inc. increased its position in EOG Resources by 12.5% in the fourth quarter. Pacer Advisors Inc. now owns 3,065,042 shares of the energy exploration company’s stock worth $370,717,000 after buying an additional 340,902 shares during the period. 89.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EOG has been the topic of several analyst reports. KeyCorp dropped their target price on EOG Resources from $157.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, January 11th. Susquehanna decreased their price target on EOG Resources from $164.00 to $147.00 and set a “positive” rating for the company in a research note on Friday, January 26th. Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a research note on Tuesday, April 9th. Bank of America cut EOG Resources from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $147.00 to $140.00 in a research note on Friday, January 5th. Finally, Morgan Stanley increased their price target on EOG Resources from $131.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 28th. 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 company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $140.76.

EOG Resources Stock Performance

NYSE:EOG opened at $135.29 on Monday. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67. 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 50-day moving average of $121.36 and a 200-day moving average of $121.78. The firm has a market cap of $77.82 billion, a price-to-earnings ratio of 10.40 and a beta of 1.40.

EOG Resources (NYSE:EOG) last announced its earnings results 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 return on equity of 25.38% and a net margin of 31.40%. The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the previous year, the business earned $3.30 earnings per share. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. Analysts forecast that EOG Resources, Inc. will post 11.95 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is 27.98%.

About EOG Resources

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.