Bailard Inc. Trims Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Bailard Inc. decreased its position in EOG Resources, Inc. (NYSE:EOG) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,653 shares of the energy exploration company’s stock after selling 607 shares during the period. Bailard Inc.’s holdings in EOG Resources were worth $2,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the business. Community Bank N.A. grew its position in shares of EOG Resources by 3.4% during the 4th quarter. Community Bank N.A. now owns 6,804 shares of the energy exploration company’s stock valued at $823,000 after acquiring an additional 225 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of EOG Resources by 2.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 32,590 shares of the energy exploration company’s stock valued at $3,942,000 after acquiring an additional 811 shares during the period. Atria Wealth Solutions Inc. grew its position in shares of EOG Resources by 10.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 39,730 shares of the energy exploration company’s stock valued at $4,805,000 after acquiring an additional 3,910 shares during the period. Alaska Permanent Fund Corp grew its position in shares of EOG Resources by 1.4% during the 4th quarter. Alaska Permanent Fund Corp now owns 20,373 shares of the energy exploration company’s stock valued at $2,464,000 after acquiring an additional 273 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in shares of EOG Resources during the 4th quarter valued at about $430,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

EOG stock traded down $0.04 during trading on Friday, hitting $135.32. The company had a trading volume of 238,640 shares, compared to its average volume of 3,337,094. The firm has a market cap of $77.84 billion, a PE ratio of 10.41 and a beta of 1.40. EOG Resources, Inc. has a 1-year low of $106.32 and a 1-year high of $139.67. The firm has a 50-day moving average price of $125.26 and a 200-day moving average price of $122.45. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last released its earnings results 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 business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.30 EPS. On average, analysts expect that EOG Resources, Inc. will post 12.29 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Monday, April 15th. EOG Resources’s payout ratio is currently 27.98%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Susquehanna lifted their price objective on EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a report on Monday. Bank of America cut EOG Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $147.00 to $140.00 in a report on Friday, January 5th. TD Securities lowered their price objective on EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, February 23rd. Morgan Stanley raised their target price on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Citigroup raised their target price on shares of EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, EOG Resources has an average rating of “Moderate Buy” and a consensus price target 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.