Paradigm Financial Partners LLC Has $3.91 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Paradigm Financial Partners LLC boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,304 shares of the energy exploration company’s stock after purchasing an additional 2,300 shares during the period. EOG Resources accounts for approximately 0.9% of Paradigm Financial Partners LLC’s portfolio, making the stock its 28th biggest position. Paradigm Financial Partners LLC’s holdings in EOG Resources were worth $3,907,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EOG. McIlrath & Eck LLC raised 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 buying an additional 104 shares in the last quarter. Exchange Traded Concepts LLC raised 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 buying an additional 212 shares in the last quarter. Peoples Bank KS bought a new position in shares of EOG Resources in the third quarter worth about $31,000. Hall Laurie J Trustee bought a new position in shares of EOG Resources in the fourth quarter worth about $36,000. Finally, Keener Financial Planning LLC bought a new position in shares of EOG Resources in the fourth quarter worth about $36,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Price Performance

Shares of EOG traded up $0.34 on Friday, hitting $135.70. The company’s stock had a trading volume of 1,841,074 shares, compared to its average volume of 2,825,198. The company has a market capitalization of $78.06 billion, a PE ratio of 10.43 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 fifty-two week low of $106.32 and a fifty-two week high of $139.67. The company has a 50 day moving average price of $125.70 and a 200 day moving average price of $122.48.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). The business had revenue of $6.36 billion during 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 firm’s revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.30 earnings per share. On average, research analysts anticipate that EOG Resources, Inc. will post 12.3 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. Investors of record on Tuesday, April 16th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.68%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Mizuho lifted their price objective on EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. TD Securities dropped their price objective on EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. Truist Financial lowered their price target on EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Raymond James lowered their price target on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Finally, Morgan Stanley boosted their price target on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $142.19.

About EOG Resources

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.