Boston Family Office LLC Lowers Stake in EOG Resources, Inc. $EOG

Boston Family Office LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,415 shares of the energy exploration company’s stock after selling 782 shares during the period. Boston Family Office LLC’s holdings in EOG Resources were worth $8,782,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Fisher Asset Management LLC grew its stake in EOG Resources by 3.0% in the 2nd quarter. Fisher Asset Management LLC now owns 1,310,006 shares of the energy exploration company’s stock worth $156,690,000 after acquiring an additional 38,200 shares in the last quarter. Edgestream Partners L.P. grew its stake in EOG Resources by 16.3% in the second quarter. Edgestream Partners L.P. now owns 90,000 shares of the energy exploration company’s stock worth $10,765,000 after purchasing an additional 12,625 shares in the last quarter. River Road Asset Management LLC grew its stake in EOG Resources by 15.2% in the second quarter. River Road Asset Management LLC now owns 75,878 shares of the energy exploration company’s stock worth $9,107,000 after purchasing an additional 9,999 shares in the last quarter. Railway Pension Investments Ltd increased its holdings in EOG Resources by 6.9% during the 2nd quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after purchasing an additional 28,800 shares during the period. Finally, First National Advisers LLC raised its position in EOG Resources by 0.8% during the 2nd quarter. First National Advisers LLC now owns 39,934 shares of the energy exploration company’s stock valued at $4,776,000 after purchasing an additional 330 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 1.3%

NYSE EOG opened at $107.58 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The firm has a market cap of $58.37 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 8.20 and a beta of 0.72. The company has a 50 day moving average price of $108.74 and a 200 day moving average price of $115.18. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the previous year, the company earned $2.89 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is presently 40.64%.

Wall Street Analyst Weigh In

EOG has been the topic of a number of recent research reports. Siebert Williams Shank dropped their price target on EOG Resources from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Piper Sandler dropped their target price on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a report on Tuesday, November 18th. Melius Research began coverage on shares of EOG Resources in a research report on Wednesday, August 20th. They set a “buy” rating and a $173.00 target price on the stock. Wolfe Research lowered their price target on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Finally, Royal Bank Of Canada increased their price objective on shares of EOG Resources from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $140.33.

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.