Perigon Wealth Management LLC Purchases 1,002 Shares of EOG Resources, Inc. (NYSE:EOG)

Perigon Wealth Management LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 55.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,819 shares of the energy exploration company’s stock after buying an additional 1,002 shares during the quarter. Perigon Wealth Management LLC’s holdings in EOG Resources were worth $341,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EOG shares. Piper Sandler reduced their price target on shares of EOG Resources from $153.00 to $141.00 and set an “overweight” rating on the stock in a research report on Thursday, March 7th. Morgan Stanley boosted their price target on shares of EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday. Susquehanna cut their price objective on shares of EOG Resources from $164.00 to $147.00 and set a “positive” rating on the stock in a report on Friday, January 26th. Scotiabank cut shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the stock from $135.00 to $155.00 in a report on Thursday, April 11th. Finally, Raymond James cut 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 report on Wednesday, January 24th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average target price of $140.90.

EOG Resources Stock Up 0.4 %

Shares of EOG Resources stock opened at $132.94 on Wednesday. The company has a market cap of $76.47 billion, a price-to-earnings ratio of 10.22 and a beta of 1.40. The company’s 50 day moving average is $122.23 and its 200 day moving average is $121.84. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The company had revenue of $6.36 billion for 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 quarter last year, the company earned $3.30 EPS. Research analysts anticipate that EOG Resources, Inc. will post 11.95 EPS for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.74%. EOG Resources’s dividend payout ratio (DPR) 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.