EOG Resources, Inc. (NYSE:EOG) Stock Holdings Raised by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. grew its stake in EOG Resources, Inc. (NYSE:EOG) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,130 shares of the energy exploration company’s stock after purchasing an additional 892 shares during the quarter. EOG Resources makes up approximately 1.2% of W.H. Cornerstone Investments Inc.’s holdings, making the stock its 18th biggest holding. W.H. Cornerstone Investments Inc.’s holdings in EOG Resources were worth $1,467,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of EOG Resources during the third quarter worth $4,431,000. TIAA Trust National Association lifted its holdings in EOG Resources by 639.3% in the fourth quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock worth $6,971,000 after acquiring an additional 49,840 shares during the last quarter. AIA Group Ltd boosted its stake in EOG Resources by 128.0% in the fourth quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock valued at $1,234,000 after acquiring an additional 5,728 shares during the period. L. Roy Papp & Associates LLP grew its holdings in shares of EOG Resources by 18.3% during the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock valued at $20,362,000 after purchasing an additional 26,026 shares during the last quarter. Finally, Yacktman Asset Management LP raised its position in shares of EOG Resources by 4.8% during the 4th quarter. Yacktman Asset Management LP now owns 1,789,433 shares of the energy exploration company’s stock worth $216,432,000 after purchasing an additional 82,302 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Truist Financial reduced their price target on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a report on Friday, April 5th. Citigroup upped their target price on shares of EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, March 18th. Barclays started coverage on EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price target on the stock. Stifel Nicolaus decreased their price objective on EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Finally, Morgan Stanley lifted their target price on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $142.27.

EOG Resources Price Performance

Shares of NYSE:EOG traded down $1.78 on Friday, reaching $130.02. 5,660,840 shares of the company traded hands, compared to its average volume of 2,953,117. The stock has a market capitalization of $74.79 billion, a PE ratio of 10.27 and a beta of 1.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The company’s 50 day moving average is $127.48 and its 200-day moving average is $122.39. 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 earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.70 by $0.12. EOG Resources had a return on equity of 25.11% and a net margin of 30.33%. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the prior year, the business posted $2.69 earnings per share. EOG Resources’s revenue was up 1.3% compared to the same quarter last year. As a group, analysts anticipate that EOG Resources, Inc. will post 12.14 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

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

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.