Royal Fund Management LLC Sells 1,410 Shares of EOG Resources, Inc. (NYSE:EOG)

Royal Fund Management LLC decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 19.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,814 shares of the energy exploration company’s stock after selling 1,410 shares during the quarter. Royal Fund Management LLC’s holdings in EOG Resources were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Commonwealth Equity Services LLC lifted its stake in EOG Resources by 8.4% in the third quarter. Commonwealth Equity Services LLC now owns 124,521 shares of the energy exploration company’s stock worth $15,784,000 after acquiring an additional 9,679 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in 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. Dakota Wealth Management lifted its position in EOG Resources by 21.8% during the third quarter. Dakota Wealth Management now owns 3,692 shares of the energy exploration company’s stock valued at $468,000 after buying an additional 661 shares during the period. Stratos Wealth Partners LTD. lifted its position in EOG Resources by 11.2% during the third quarter. Stratos Wealth Partners LTD. now owns 20,221 shares of the energy exploration company’s stock valued at $2,563,000 after buying an additional 2,033 shares during the period. Finally, Compass Wealth Management LLC lifted its position in EOG Resources by 2.5% during the third quarter. Compass Wealth Management LLC now owns 19,164 shares of the energy exploration company’s stock valued at $2,429,000 after buying an additional 465 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EOG shares. Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the company from $135.00 to $155.00 in a research report on Thursday, April 11th. KeyCorp lifted their price target on EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. TD Cowen lifted their price target on EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a research report on Tuesday. Truist Financial lowered their price target on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, TD Securities lowered their price target on EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. Thirteen investment 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $142.27.

EOG Resources Stock Performance

Shares of EOG stock traded down $1.78 during trading hours on Friday, reaching $130.02. 5,660,840 shares of the company traded hands, compared to its average volume of 2,953,117. The firm has a 50-day moving average price of $127.48 and a 200 day moving average price of $122.57. 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 12-month low of $106.32 and a 12-month high of $139.67. The company has a market cap of $74.79 billion, a P/E ratio of 10.27 and a beta of 1.38.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 25.11% and a net margin of 30.33%. The company had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the previous year, the firm earned $2.69 EPS. The firm’s revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts predict that EOG Resources, Inc. will post 12.14 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

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