EOG Resources, Inc. (NYSE:EOG) Shares Sold by Royal Fund Management LLC

Royal Fund Management LLC decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 19.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,814 shares of the energy exploration company’s stock after selling 1,410 shares during the period. Royal Fund Management LLC’s holdings in EOG Resources were worth $703,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd grew its holdings in shares of EOG Resources by 7.2% in the 3rd quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock worth $154,000 after acquiring an additional 82 shares during the period. ORG Partners LLC grew its holdings in shares of EOG Resources by 1.0% in the 3rd quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock worth $1,118,000 after acquiring an additional 84 shares during the period. Sandy Spring Bank grew its holdings in shares of EOG Resources by 1.0% in the 3rd quarter. Sandy Spring Bank now owns 9,077 shares of the energy exploration company’s stock worth $1,151,000 after acquiring an additional 86 shares during the period. Bison Wealth LLC lifted its stake in EOG Resources by 1.6% in the 3rd quarter. Bison Wealth LLC now owns 5,384 shares of the energy exploration company’s stock valued at $682,000 after buying an additional 86 shares in the last quarter. Finally, Fragasso Group Inc. lifted its stake in EOG Resources by 2.2% in the 4th quarter. Fragasso Group Inc. now owns 3,912 shares of the energy exploration company’s stock valued at $473,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG traded down $1.78 during mid-day trading on Friday, reaching $130.02. 5,660,840 shares of the company’s stock traded hands, compared to its average volume of 2,953,117. The business’s 50-day moving average price is $127.48 and its 200-day moving average price is $122.57. The stock has a market capitalization of $74.79 billion, a P/E ratio of 10.27 and a beta of 1.38. 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, Inc. has a 12 month low of $106.32 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 25.11%. The business had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter last year, the business earned $2.69 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts predict that EOG Resources, Inc. will post 12.14 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.80%. EOG Resources’s dividend payout ratio is presently 28.75%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EOG. Truist Financial reduced 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. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada reissued a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research note on Tuesday, April 9th. Morgan Stanley increased their target price on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and increased their target price for the stock from $135.00 to $155.00 in a research report on Thursday, April 11th. Thirteen equities research 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. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average price target of $142.27.

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.