Tennessee Valley Asset Management Partners Takes $40,000 Position in EOG Resources, Inc. (NYSE:EOG)

Tennessee Valley Asset Management Partners bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 333 shares of the energy exploration company’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EOG. McIlrath & Eck LLC increased its holdings in 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 last quarter. Exchange Traded Concepts LLC increased its holdings 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 valued at $30,000 after buying an additional 212 shares during the last quarter. Peoples Bank KS purchased a new stake in EOG Resources during the third quarter valued at approximately $31,000. Hall Laurie J Trustee purchased a new stake in EOG Resources during the fourth quarter valued at approximately $36,000. Finally, Keener Financial Planning LLC purchased a new stake in EOG Resources during the fourth quarter valued at approximately $36,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EOG has been the subject of a number of research reports. Truist Financial reduced their target price on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a report on Friday, April 5th. Barclays initiated coverage on shares of EOG Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price objective for the company. Raymond James reduced their price objective on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. KeyCorp increased their price objective on shares of EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Bank of America cut shares of EOG Resources from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $147.00 to $140.00 in a research note on Friday, January 5th. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and an average price target of $142.19.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $134.80 on Wednesday. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The firm has a fifty day moving average price of $124.34 and a 200 day moving average price of $122.26. The firm has a market cap of $77.54 billion, a price-to-earnings ratio of 10.36 and a beta of 1.40.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the business earned $3.30 earnings per share. The business’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, sell-side analysts expect that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.70%. EOG Resources’s payout ratio is currently 27.98%.

EOG Resources Company 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.