Simplicity Solutions LLC Has $1.76 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Simplicity Solutions LLC cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 21.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,524 shares of the energy exploration company’s stock after selling 3,913 shares during the period. Simplicity Solutions LLC’s holdings in EOG Resources were worth $1,757,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Lumature Wealth Partners LLC acquired a new position in shares of EOG Resources in the first quarter valued at about $28,000. Fortis Capital Advisors LLC acquired a new stake in EOG Resources during the fourth quarter worth about $28,000. McIlrath & Eck LLC grew its stake in EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after buying an additional 104 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after buying an additional 212 shares in the last quarter. Finally, Peoples Bank KS acquired a new stake in EOG Resources during the third quarter worth about $31,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EOG shares. Raymond James reduced their price objective on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. KeyCorp dropped their target price on shares of EOG Resources from $157.00 to $147.00 and set an “overweight” rating for the company in a report on Thursday, January 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a report on Tuesday, April 9th. Mizuho dropped their target price on shares of EOG Resources from $150.00 to $138.00 and set a “buy” rating for the company in a report on Wednesday, January 3rd. Finally, Susquehanna dropped 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. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $140.76.

EOG Resources Stock Down 1.4 %

EOG Resources stock opened at $135.29 on Monday. 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 52-week low of $106.32 and a 52-week high of $139.67. The firm has a 50 day moving average price of $121.36 and a two-hundred day moving average price 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 released its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.30 EPS. Equities analysts predict that EOG Resources, Inc. will post 11.95 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is 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.