Sentry Investment Management LLC Sells 324 Shares of EOG Resources, Inc. (NYSE:EOG)

Sentry Investment Management LLC lowered its position in EOG Resources, Inc. (NYSE:EOG) by 9.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,017 shares of the energy exploration company’s stock after selling 324 shares during the period. Sentry Investment Management LLC’s holdings in EOG Resources were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Fortis Capital Advisors LLC bought a new position in shares of EOG Resources during the 4th quarter worth about $28,000. Lumature Wealth Partners LLC bought a new stake in shares of EOG Resources in the 1st quarter worth about $28,000. McIlrath & Eck LLC increased its position in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 104 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in 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 buying an additional 212 shares in the last quarter. Finally, Peoples Bank KS bought a new stake in EOG Resources during the third quarter worth about $31,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Down 0.3 %

Shares of EOG Resources stock opened at $132.05 on Tuesday. EOG Resources, Inc. has a 12-month low of $106.32 and a 12-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. The business’s 50 day moving average is $121.81 and its 200-day moving average is $121.80. The stock has a market cap of $75.96 billion, a P/E ratio of 10.18 and a beta of 1.40.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities research analysts predict that EOG Resources, Inc. will post 11.95 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared 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. This represents a $3.64 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio is 27.98%.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research reports. Truist Financial lowered their target price on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Susquehanna lowered their price target on shares of EOG Resources from $164.00 to $147.00 and set a “positive” rating for the company in a report on Friday, January 26th. Mizuho lifted their target price on EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research note on Tuesday, April 9th. Finally, KeyCorp cut their target price on shares of EOG Resources from $157.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, January 11th. Thirteen equities 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 company. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average target price of $140.90.

EOG Resources 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.