Palouse Capital Management Inc. Has $3.43 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Palouse Capital Management Inc. decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 2.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,375 shares of the energy exploration company’s stock after selling 752 shares during the quarter. EOG Resources accounts for about 2.4% of Palouse Capital Management Inc.’s portfolio, making the stock its 12th largest holding. Palouse Capital Management Inc.’s holdings in EOG Resources were worth $3,432,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EOG. Fortis Capital Advisors LLC acquired a new stake in EOG Resources in the 4th quarter worth about $28,000. Lumature Wealth Partners LLC acquired a new position in EOG Resources during the 1st quarter worth approximately $28,000. McIlrath & Eck LLC increased its position in EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 104 shares in the last quarter. Exchange Traded Concepts LLC increased its position in EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares in the last quarter. Finally, Peoples Bank KS acquired a new position in EOG Resources during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 1.1 %

Shares of EOG Resources stock traded up $1.39 during trading on Friday, reaching $133.15. 2,488,769 shares of the company traded hands, compared to its average volume of 3,421,970. 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, Inc. has a 1-year low of $106.32 and a 1-year high of $139.67. The company has a 50 day moving average price of $123.45 and a 200-day moving average price of $122.05. The firm has a market capitalization of $76.59 billion, a PE ratio of 10.23 and a beta of 1.40.

EOG Resources (NYSE:EOG) last released its 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 net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the previous year, the firm earned $3.30 EPS. The firm’s revenue was down 5.4% on a year-over-year basis. As a group, equities research analysts expect that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.73%. EOG Resources’s payout ratio is presently 27.98%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Piper Sandler upped their price objective on shares of EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a research report on Friday. Royal Bank of Canada reiterated a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research report on Tuesday, April 9th. Stifel Nicolaus reduced their target price on shares of EOG Resources from $163.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Raymond James reduced their target price on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Finally, KeyCorp reduced their target price on shares of EOG Resources from $157.00 to $147.00 and set an “overweight” rating on the stock in a report on Thursday, January 11th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $141.48.

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.