Gallacher Capital Management LLC Reduces Position in EOG Resources, Inc. (NYSE:EOG)

Gallacher Capital Management LLC reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,221 shares of the energy exploration company’s stock after selling 1,141 shares during the quarter. Gallacher Capital Management LLC’s holdings in EOG Resources were worth $511,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of EOG Resources by 82.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 59,341 shares of the energy exploration company’s stock valued at $7,522,000 after buying an additional 26,851 shares during the period. Sage Mountain Advisors LLC acquired a new stake in shares of EOG Resources during the third quarter worth $336,000. Chicago Capital LLC acquired a new stake in shares of EOG Resources during the third quarter worth $210,000. Concord Wealth Partners grew its position in shares of EOG Resources by 89.5% in the third quarter. Concord Wealth Partners now owns 5,133 shares of the energy exploration company’s stock valued at $651,000 after purchasing an additional 2,424 shares during the period. Finally, Lindbrook Capital LLC increased its stake in EOG Resources by 4.4% in the third quarter. Lindbrook Capital LLC now owns 2,374 shares of the energy exploration company’s stock valued at $301,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

EOG traded down $1.78 during trading hours on Friday, hitting $130.02. 5,660,840 shares of the stock were exchanged, compared to its average volume of 2,953,117. The stock has a market cap of $74.79 billion, a price-to-earnings ratio of 10.27 and a beta of 1.38. EOG Resources, Inc. has a 12 month low of $106.32 and a 12 month high of $139.67. The stock has a 50-day simple moving average of $127.48 and a 200-day simple moving average of $122.39. 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 issued its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 25.11%. The firm had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period last year, the firm posted $2.69 EPS. EOG Resources’s quarterly revenue was up 1.3% compared to the same quarter last year. Analysts anticipate that EOG Resources, Inc. will post 12.14 earnings per share for the current year.

EOG Resources Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on EOG. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a report on Tuesday, April 9th. TD Cowen upped their price target on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Citigroup lifted their price target on shares of EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Stifel Nicolaus dropped 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, Raymond James reduced their target price on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Thirteen equities research 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $142.27.

EOG Resources 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.