Waycross Partners LLC Has $8.32 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Waycross Partners LLC boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 805.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 68,816 shares of the energy exploration company’s stock after buying an additional 61,216 shares during the quarter. Waycross Partners LLC’s holdings in EOG Resources were worth $8,323,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. McIlrath & Eck LLC grew its holdings 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 acquiring an additional 104 shares during the period. Peoples Bank KS acquired a new stake in EOG Resources during the 3rd quarter worth $31,000. Exchange Traded Concepts LLC grew its holdings 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 acquiring an additional 212 shares during the period. Hall Laurie J Trustee acquired a new stake in EOG Resources during the 4th quarter worth $36,000. Finally, Keener Financial Planning LLC bought a new position in shares of EOG Resources during the fourth quarter worth $36,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

EOG has been the topic of a number of recent analyst reports. Scotiabank cut shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and lifted their price target for the stock from $135.00 to $155.00 in a research report on Thursday, April 11th. JPMorgan Chase & Co. lifted their price target on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Barclays initiated coverage on shares of EOG Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price target on the stock. KeyCorp lifted their price target on shares of EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Finally, Bank of America cut shares of EOG Resources from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $147.00 to $140.00 in a research report on Friday, January 5th. Thirteen 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, EOG Resources has a consensus rating of “Hold” and an average target price of $142.27.

EOG Resources Stock Down 3.0 %

NYSE:EOG traded down $4.12 on Tuesday, hitting $132.13. 3,422,812 shares of the company’s stock were exchanged, compared to its average volume of 3,353,283. The firm has a 50-day moving average price of $126.53 and a 200-day moving average price of $122.48. 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 52 week low of $106.32 and a 52 week high of $139.67. The company has a market cap of $76.00 billion, a P/E ratio of 10.16 and a beta of 1.40.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period last year, the firm earned $3.30 earnings per share. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, analysts expect that EOG Resources, Inc. will post 12.3 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.91 per share. The ex-dividend date is Monday, April 15th. This represents a $3.64 annualized dividend and a yield of 2.75%. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

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.