EOG Resources, Inc. (NYSE:EOG) Shares Sold by Doheny Asset Management CA

Doheny Asset Management CA decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,212 shares of the energy exploration company’s stock after selling 1,000 shares during the quarter. EOG Resources makes up approximately 2.3% of Doheny Asset Management CA’s holdings, making the stock its 15th biggest holding. Doheny Asset Management CA’s holdings in EOG Resources were worth $2,324,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. McIlrath & Eck LLC boosted its stake in shares of EOG Resources by 77.6% during the 3rd 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 during the period. Exchange Traded Concepts LLC grew its stake 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 worth $30,000 after buying an additional 212 shares during the last quarter. Peoples Bank KS bought a new stake in EOG Resources during the third quarter worth about $31,000. Hall Laurie J Trustee acquired a new position in shares of EOG Resources during the fourth quarter worth approximately $36,000. Finally, Keener Financial Planning LLC acquired a new position in shares of EOG Resources during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup raised their target price on shares of EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday. TD Cowen lifted their price objective on EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a research report on Tuesday. Truist Financial decreased their target price on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, Morgan Stanley boosted their target price on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Thirteen research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $142.27.

EOG Resources Trading Up 1.4 %

EOG stock traded up $1.79 during trading on Thursday, reaching $131.74. The company had a trading volume of 2,241,392 shares, compared to its average volume of 3,339,389. EOG Resources, Inc. has a 52 week low of $106.32 and a 52 week high of $139.67. The company has a market cap of $75.78 billion, a P/E ratio of 9.99 and a beta of 1.38. The business has a 50 day moving average of $126.80 and a 200 day moving average of $122.53. 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 (NYSE:EOG) last released its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the company earned $3.30 earnings per share. EOG Resources’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 12.15 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Monday, April 15th. EOG Resources’s payout ratio is currently 27.98%.

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.