Atria Wealth Solutions Inc. Boosts Position in EOG Resources, Inc. (NYSE:EOG)

Atria Wealth Solutions Inc. boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,730 shares of the energy exploration company’s stock after acquiring an additional 3,910 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in EOG Resources were worth $4,805,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. McIlrath & Eck LLC increased its position in EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 104 shares during the last quarter. Peoples Bank KS bought a new stake in EOG Resources during the third quarter valued at about $31,000. Exchange Traded Concepts LLC grew its holdings in EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares during the period. Hall Laurie J Trustee bought a new stake in EOG Resources during the fourth quarter valued at about $36,000. Finally, Keener Financial Planning LLC bought a new stake in EOG Resources during the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG Resources stock opened at $135.71 on Friday. The stock has a 50 day moving average of $125.70 and a 200 day moving average of $122.51. EOG Resources, Inc. has a 12 month low of $106.32 and a 12 month high of $139.67. The firm has a market cap of $78.06 billion, a PE ratio of 10.43 and a beta of 1.40. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 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 for 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. EOG Resources’s quarterly revenue was down 5.4% on a year-over-year basis. On average, research analysts expect that EOG Resources, Inc. will post 12.29 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.68%. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

Wall Street Analysts Forecast Growth

EOG has been the subject of several recent research reports. Mizuho boosted their price target on EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a report on Monday, April 15th. Citigroup boosted their price target on EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, March 18th. JPMorgan Chase & Co. boosted their price target on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. Susquehanna boosted their price target on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Finally, Stifel Nicolaus cut their price target on EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and an average price target of $142.19.

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.