Connecticut Wealth Management LLC Has $1.32 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Connecticut Wealth Management LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 161.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of EOG Resources by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock worth $1,639,903,000 after acquiring an additional 145,691 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of EOG Resources by 8.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after acquiring an additional 892,951 shares during the period. Morgan Stanley lifted its holdings in shares of EOG Resources by 1.5% during the 3rd quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock worth $987,432,000 after acquiring an additional 116,860 shares during the period. Northern Trust Corp lifted its holdings in shares of EOG Resources by 3.1% during the 3rd quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company’s stock worth $793,607,000 after acquiring an additional 185,882 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of EOG Resources by 15.2% during the 3rd quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock worth $443,088,000 after acquiring an additional 460,872 shares during the period. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Down 1.4 %

EOG traded down $1.78 during trading on Friday, reaching $130.02. 5,660,840 shares of the stock traded hands, compared to its average volume of 2,953,117. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $74.79 billion, a PE ratio of 10.27 and a beta of 1.38. The stock’s 50-day moving average is $127.48 and its 200 day moving average is $122.39. 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 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 net margin of 30.33% and a return on equity of 25.11%. 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 business posted $2.69 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. Equities analysts anticipate that EOG Resources, Inc. will post 12.14 earnings per share for the current year.

EOG Resources Dividend Announcement

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

Wall Street Analyst Weigh In

EOG has been the subject of several analyst reports. Susquehanna lifted their price target on shares of EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Piper Sandler lifted their price target on shares of EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Raymond James cut their price target on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, KeyCorp lifted their price target on shares of EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources currently has an average 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.