EOG Resources, Inc. (NYSE:EOG) Shares Sold by Boston Family Office LLC

Boston Family Office LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 75,276 shares of the energy exploration company’s stock after selling 512 shares during the period. Boston Family Office LLC’s holdings in EOG Resources were worth $9,227,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Edgestream Partners L.P. purchased a new stake in shares of EOG Resources in the 3rd quarter valued at $1,410,000. FSA Wealth Management LLC purchased a new stake in EOG Resources during the third quarter worth about $59,000. Benjamin Edwards Inc. lifted its position in shares of EOG Resources by 2,590.8% during the third quarter. Benjamin Edwards Inc. now owns 302,504 shares of the energy exploration company’s stock worth $37,190,000 after purchasing an additional 291,262 shares in the last quarter. Community Bank N.A. boosted its stake in shares of EOG Resources by 11.6% in the third quarter. Community Bank N.A. now owns 11,362 shares of the energy exploration company’s stock valued at $1,397,000 after purchasing an additional 1,183 shares during the period. Finally, Hilltop Holdings Inc. grew its holdings in shares of EOG Resources by 93.9% in the third quarter. Hilltop Holdings Inc. now owns 4,695 shares of the energy exploration company’s stock valued at $577,000 after purchasing an additional 2,274 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 1.5 %

EOG opened at $128.44 on Tuesday. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market capitalization of $71.15 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The business’s 50-day simple moving average is $128.06 and its 200-day simple moving average is $127.85.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. Analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio is currently 34.73%.

Analyst Ratings Changes

A number of research firms have issued reports on EOG. Piper Sandler reduced their target price on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. UBS Group reduced their price objective on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Williams Trading set a $154.00 target price on EOG Resources in a research note on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price target on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Finally, Wells Fargo & Company lowered their price objective on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $144.67.

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.