Vaughan David Investments LLC IL Raises Position in EOG Resources, Inc. (NYSE:EOG)

Vaughan David Investments LLC IL grew its holdings in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 290,981 shares of the energy exploration company’s stock after purchasing an additional 2,897 shares during the quarter. Vaughan David Investments LLC IL’s holdings in EOG Resources were worth $35,194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fortis Capital Advisors LLC purchased a new stake in shares of EOG Resources during the 4th quarter valued at $28,000. Lumature Wealth Partners LLC purchased a new stake in shares of EOG Resources during the 1st quarter valued at $28,000. McIlrath & Eck LLC lifted its holdings in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 104 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares during the last quarter. Finally, Peoples Bank KS purchased a new stake in shares of EOG Resources during the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

EOG has been the topic of several research reports. KeyCorp cut their target price on EOG Resources from $157.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, January 11th. JPMorgan Chase & Co. upped their target price on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Scotiabank downgraded EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their target price for the company from $135.00 to $155.00 in a research report on Thursday. Susquehanna cut their target price on EOG Resources from $164.00 to $147.00 and set a “positive” rating on the stock in a research report on Friday, January 26th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a research report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources has an average rating of “Hold” and an average target price of $140.76.

View Our Latest Stock Report on EOG

EOG Resources Price Performance

Shares of NYSE:EOG traded down $1.94 during trading on Friday, reaching $135.33. 2,656,068 shares of the company’s stock traded hands, compared to its average volume of 3,470,993. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. The firm has a market cap of $77.84 billion, a PE ratio of 10.51 and a beta of 1.40. The company has a 50-day simple moving average of $120.87 and a 200-day simple moving average of $121.80.

EOG Resources (NYSE:EOGGet Free Report) last posted its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. EOG Resources’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business earned $3.30 earnings per share. As a group, analysts predict that EOG Resources, Inc. will post 11.95 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s dividend payout ratio is presently 27.98%.

EOG Resources Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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