J.W. Cole Advisors Inc. Acquires 461 Shares of EOG Resources, Inc. (NYSE:EOG)

J.W. Cole Advisors Inc. boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 24.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,353 shares of the energy exploration company’s stock after purchasing an additional 461 shares during the period. J.W. Cole Advisors Inc.’s holdings in EOG Resources were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. McIlrath & Eck LLC raised its holdings in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 104 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares in the last quarter. Peoples Bank KS bought a new position in EOG Resources in the third quarter worth $31,000. Hall Laurie J Trustee acquired a new stake in EOG Resources during the fourth quarter worth $36,000. Finally, Keener Financial Planning LLC bought a new stake in EOG Resources in the 4th quarter valued at $36,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

Shares of EOG opened at $135.60 on Thursday. 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 stock has a market cap of $78.00 billion, a P/E ratio of 10.42 and a beta of 1.40. The stock’s 50-day moving average price is $124.83 and its two-hundred day moving average price is $122.36. EOG Resources, Inc. has a 1 year low of $106.32 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG) last issued 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 net margin of 31.40% and a return on equity of 25.38%. The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the company posted $3.30 EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities analysts predict that EOG Resources, Inc. will post 12.15 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio is currently 27.98%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EOG. Susquehanna lifted their target price on shares of EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research report on Monday. Stifel Nicolaus decreased their price target on EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday. KeyCorp lifted their price objective on EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a report on Monday. Piper Sandler increased their target price on shares of EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Raymond James decreased 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. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has an average rating of “Moderate Buy” and a consensus target price of $142.19.

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.