Twin Capital Management Inc. Raises Holdings in EOG Resources, Inc. (NYSE:EOG)

Twin Capital Management Inc. raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 56.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,227 shares of the energy exploration company’s stock after purchasing an additional 4,031 shares during the period. Twin Capital Management Inc.’s holdings in EOG Resources were worth $1,358,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EOG. CENTRAL TRUST Co lifted its holdings in shares of EOG Resources by 0.8% during the 3rd quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company’s stock valued at $1,019,000 after buying an additional 74 shares during the period. Ballentine Partners LLC increased its stake in EOG Resources by 3.0% in the 3rd quarter. Ballentine Partners LLC now owns 2,614 shares of the energy exploration company’s stock worth $331,000 after buying an additional 75 shares in the last quarter. Covestor Ltd increased its stake in EOG Resources by 7.2% in the 3rd quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock worth $154,000 after buying an additional 82 shares in the last quarter. ORG Partners LLC increased its stake in EOG Resources by 1.0% in the 3rd quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock worth $1,118,000 after buying an additional 84 shares in the last quarter. Finally, White Pine Capital LLC increased its stake in EOG Resources by 2.2% in the 4th quarter. White Pine Capital LLC now owns 3,942 shares of the energy exploration company’s stock worth $511,000 after buying an additional 85 shares in the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Trading Down 0.5 %

EOG opened at $131.76 on Friday. 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 firm has a market cap of $75.79 billion, a P/E ratio of 10.13 and a beta of 1.40. EOG Resources, Inc. has a 12 month low of $106.32 and a 12 month high of $139.67. The stock has a 50-day moving average of $123.00 and a 200 day moving average of $121.99.

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

EOG Resources Announces Dividend

The company 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. This represents a $3.64 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is currently 27.98%.

Analysts Set New Price Targets

A number of brokerages have issued reports on EOG. KeyCorp cut their price target on EOG Resources from $157.00 to $147.00 and set an “overweight” rating for the company in a research note on Thursday, January 11th. Morgan Stanley increased their price target on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. raised their price objective on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Truist Financial cut their price objective on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the company from $135.00 to $155.00 in a research report on Thursday, April 11th. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EOG Resources has an average rating of “Hold” and a consensus 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.