Weaver C. Barksdale & Associates Inc. Has $1.77 Million Position in EOG Resources, Inc. (NYSE:EOG)

Weaver C. Barksdale & Associates Inc. reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 20.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,649 shares of the energy exploration company’s stock after selling 3,772 shares during the period. EOG Resources comprises about 1.7% of Weaver C. Barksdale & Associates Inc.’s investment portfolio, making the stock its 27th biggest position. Weaver C. Barksdale & Associates Inc.’s holdings in EOG Resources were worth $1,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EOG. Commonwealth Equity Services LLC raised its holdings in shares of EOG Resources by 8.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 124,521 shares of the energy exploration company’s stock worth $15,784,000 after buying an additional 9,679 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings 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 acquiring an additional 26,851 shares during the period. Dakota Wealth Management boosted its stake in shares of EOG Resources by 21.8% in the 3rd quarter. Dakota Wealth Management now owns 3,692 shares of the energy exploration company’s stock valued at $468,000 after purchasing an additional 661 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of EOG Resources by 11.2% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 20,221 shares of the energy exploration company’s stock worth $2,563,000 after purchasing an additional 2,033 shares during the last quarter. Finally, Compass Wealth Management LLC increased its position in shares of EOG Resources by 2.5% during the 3rd quarter. Compass Wealth Management LLC now owns 19,164 shares of the energy exploration company’s stock worth $2,429,000 after purchasing an additional 465 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. KeyCorp boosted their price target on shares of EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Citigroup raised their price target on EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Piper Sandler lifted their price objective on EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Bank of America cut EOG Resources from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $147.00 to $140.00 in a report on Friday, January 5th. Finally, TD Securities cut their price target on EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, February 23rd. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $142.27.

EOG Resources Trading Down 1.4 %

Shares of EOG Resources stock traded down $1.78 on Friday, hitting $130.02. 5,660,840 shares of the company’s stock traded hands, compared to its average volume of 2,953,117. The firm’s 50-day moving average price is $127.48 and its two-hundred day moving average price is $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. The stock has a market capitalization of $74.79 billion, a PE ratio of 10.27 and a beta of 1.38. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data 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 business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the previous year, the firm earned $2.69 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, research analysts expect that EOG Resources, Inc. will post 12.14 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.91 dividend. 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 presently 28.75%.

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.