EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC lifted its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,418 shares of the energy exploration company’s stock after acquiring an additional 707 shares during the quarter. Hamilton Point Investment Advisors LLC’s holdings in EOG Resources were worth $3,437,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EOG. Fortis Capital Advisors LLC acquired a new stake in shares of EOG Resources in the fourth quarter worth $28,000. Lumature Wealth Partners LLC purchased a new position in EOG Resources during the first quarter valued at $28,000. McIlrath & Eck LLC lifted its holdings 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 purchasing an additional 104 shares in the last quarter. Exchange Traded Concepts LLC lifted 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 in the last quarter. Finally, Peoples Bank KS purchased a new position in EOG Resources during the third quarter valued at $31,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on EOG. Susquehanna decreased their price objective on shares of EOG Resources from $164.00 to $147.00 and set a “positive” rating on the stock in a report on Friday, January 26th. Stifel Nicolaus decreased their price target on shares of EOG Resources from $163.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Scotiabank downgraded shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and raised their price target for the stock from $135.00 to $155.00 in a research note on Thursday. Morgan Stanley raised their price target 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. Finally, Citigroup raised their price target 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. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $140.90.

EOG Resources Stock Down 1.5 %

Shares of NYSE:EOG traded down $1.98 during trading on Monday, hitting $132.39. 2,976,036 shares of the company were exchanged, compared to its average volume of 3,464,123. The stock has a market capitalization of $76.15 billion, a P/E ratio of 10.25 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. EOG Resources, Inc. has a 12-month low of $106.32 and a 12-month high of $139.67. The firm’s 50 day moving average price is $121.36 and its 200-day moving average price is $121.78.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data 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). The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.30 EPS. On average, research analysts predict that EOG Resources, Inc. will post 11.95 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.91 per share. The ex-dividend date is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.75%. EOG Resources’s dividend payout ratio is presently 27.98%.

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.