Callan Capital LLC Sells 277 Shares of EOG Resources, Inc. (NYSE:EOG)

Callan Capital LLC lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,417 shares of the energy exploration company’s stock after selling 277 shares during the quarter. Callan Capital LLC’s holdings in EOG Resources were worth $413,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on EOG. 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. Piper Sandler increased their price objective on EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. KeyCorp increased their price objective on EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday. Royal Bank of Canada reiterated a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a report on Tuesday, April 9th. Finally, StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a report on Monday. Twelve investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $142.19.

EOG Resources Stock Up 0.3 %

EOG stock traded up $0.35 during trading hours on Friday, reaching $135.71. 1,841,074 shares of the stock were exchanged, compared to its average volume of 3,357,495. The firm’s 50-day moving average is $125.70 and its 200-day moving average is $122.51. The company has a market cap of $78.06 billion, a price-to-earnings 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 12 month low of $106.32 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the business posted $3.30 earnings per share. On average, equities research analysts expect that EOG Resources, Inc. will post 12.29 earnings per share for the current 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 annualized dividend and a yield of 2.68%. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

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.