EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Connecticut Wealth Management LLC

Connecticut Wealth Management LLC raised its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 161.1% in the 4th quarter, HoldingsChannel reports. The fund owned 10,904 shares of the energy exploration company’s stock after buying an additional 6,728 shares during the quarter. Connecticut Wealth Management LLC’s holdings in EOG Resources were worth $1,319,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EOG. National Bank of Canada FI lifted its holdings in shares of EOG Resources by 110.4% in the 4th quarter. National Bank of Canada FI now owns 280,356 shares of the energy exploration company’s stock valued at $34,091,000 after purchasing an additional 147,131 shares during the last quarter. TCG Advisory Services LLC lifted its holdings in shares of EOG Resources by 18.0% in the 4th quarter. TCG Advisory Services LLC now owns 35,848 shares of the energy exploration company’s stock valued at $4,336,000 after purchasing an additional 5,479 shares during the last quarter. First National Trust Co lifted its holdings in shares of EOG Resources by 11.0% in the 4th quarter. First National Trust Co now owns 3,398 shares of the energy exploration company’s stock valued at $411,000 after purchasing an additional 338 shares during the last quarter. AJOVista LLC purchased a new stake in shares of EOG Resources in the 4th quarter valued at about $169,000. Finally, Legacy Financial Advisors Inc. lifted its holdings in shares of EOG Resources by 12.5% in the 4th quarter. Legacy Financial Advisors Inc. now owns 3,056 shares of the energy exploration company’s stock valued at $370,000 after purchasing an additional 340 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Down 1.4 %

Shares of EOG Resources stock traded down $1.78 during trading hours on Friday, reaching $130.02. 5,660,840 shares of the company’s stock were exchanged, compared to its average volume of 2,953,117. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67. The firm has a market capitalization of $74.79 billion, a price-to-earnings ratio of 10.27 and a beta of 1.38. The company has a fifty day moving average of $127.48 and a 200-day moving average of $122.39. 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 issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 25.11% and a net margin of 30.33%. The company had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the prior year, the company posted $2.69 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts forecast that EOG Resources, Inc. will post 12.14 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is currently 28.75%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. TD Cowen upped their price objective on EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Raymond James reduced their price objective on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. JPMorgan Chase & Co. upped their price objective on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Mizuho increased their target price on EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $142.27.

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.