EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Paradigm Financial Partners LLC

Paradigm Financial Partners LLC grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,304 shares of the energy exploration company’s stock after buying an additional 2,300 shares during the quarter. EOG Resources comprises 0.9% of Paradigm Financial Partners LLC’s investment portfolio, making the stock its 28th biggest holding. Paradigm Financial Partners LLC’s holdings in EOG Resources were worth $3,907,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in EOG Resources by 1.1% during the third 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 purchasing an additional 145,691 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in EOG Resources by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after purchasing an additional 892,951 shares during the last quarter. Morgan Stanley raised its holdings in EOG Resources by 1.5% during the third quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock worth $987,432,000 after purchasing an additional 116,860 shares during the last quarter. Northern Trust Corp raised its holdings in shares of EOG Resources by 3.1% in the third 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 last quarter. Finally, Invesco Ltd. raised its holdings in shares of EOG Resources by 15.2% in the third 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 last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Up 0.3 %

NYSE:EOG traded up $0.34 on Friday, hitting $135.70. 1,841,074 shares of the stock were exchanged, compared to its average volume of 2,825,198. The stock has a market cap of $78.06 billion, a PE ratio of 10.43 and a beta of 1.40. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $125.70 and a 200-day moving average of $122.48. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the prior year, the company earned $3.30 earnings per share. The business’s revenue was down 5.4% compared to the same quarter last year. As a group, equities analysts expect that EOG Resources, Inc. will post 12.3 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.91 dividend. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.68%. EOG Resources’s dividend payout ratio (DPR) is currently 27.98%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EOG. TD Securities cut their price target on EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, February 23rd. Mizuho boosted their price target on EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, April 15th. KeyCorp boosted their price target on EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. JPMorgan Chase & Co. boosted their price target on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, March 28th. Finally, Scotiabank cut EOG Resources from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the stock from $135.00 to $155.00 in a report on Thursday, April 11th. Twelve investment 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $142.19.

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.