Stack Financial Management Inc Reduces Position in EOG Resources, Inc. (NYSE:EOG)

Stack Financial Management Inc cut its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 146,295 shares of the energy exploration company’s stock after selling 3,381 shares during the quarter. EOG Resources comprises approximately 2.0% of Stack Financial Management Inc’s investment portfolio, making the stock its 24th biggest position. Stack Financial Management Inc’s holdings in EOG Resources were worth $17,694,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in EOG. McIlrath & Eck LLC boosted its stake 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 during the period. Exchange Traded Concepts LLC lifted its holdings in EOG Resources by 530.0% during the 4th 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. Peoples Bank KS bought a new stake in EOG Resources during the 3rd quarter valued at about $31,000. Hall Laurie J Trustee bought a new stake in EOG Resources during the 4th quarter valued at about $36,000. Finally, Keener Financial Planning LLC bought a new stake in EOG Resources during the 4th quarter valued at about $36,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EOG shares. Piper Sandler lifted their price objective on shares of EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Stifel Nicolaus reduced their price target on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup boosted their price target on shares of EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Morgan Stanley boosted their price target on shares of EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, TD Securities reduced their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, February 23rd. 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.19.

EOG Resources Trading Up 0.1 %

Shares of EOG Resources stock traded up $0.12 on Friday, reaching $135.48. The company had a trading volume of 640,859 shares, compared to its average volume of 3,342,157. The firm’s 50 day moving average price is $125.26 and its two-hundred day moving average price is $122.45. The firm has a market cap of $77.93 billion, a PE ratio of 10.41 and a beta of 1.40. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the company earned $3.30 earnings per share. EOG Resources’s quarterly revenue was down 5.4% on a year-over-year basis. Sell-side analysts predict that EOG Resources, Inc. will post 12.29 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

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 paid a dividend of $0.91 per share. 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 dividend payout ratio is currently 27.98%.

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.