EOG Resources, Inc. (NYSE:EOG) Holdings Lifted by Signaturefd LLC

Signaturefd LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 12.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,031 shares of the energy exploration company’s stock after purchasing an additional 976 shares during the quarter. Signaturefd LLC’s holdings in EOG Resources were worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. McIlrath & Eck LLC boosted 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 acquiring an additional 104 shares during the period. Peoples Bank KS acquired a new position in EOG Resources during the 3rd quarter valued at about $31,000. Exchange Traded Concepts LLC increased its stake 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 valued at $30,000 after buying an additional 212 shares during the period. Hall Laurie J Trustee bought a new stake in shares of EOG Resources during the 4th quarter worth about $36,000. Finally, Keener Financial Planning LLC acquired a new stake in shares of EOG Resources in the 4th quarter worth approximately $36,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $133.90 on Tuesday. The business’s 50-day moving average price is $123.87 and its two-hundred day moving average price is $122.16. 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 one year low of $106.32 and a one year high of $139.67. The company has a market capitalization of $77.02 billion, a P/E ratio of 10.29 and a beta of 1.40.

EOG Resources (NYSE:EOG) last announced 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). The firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.30 EPS. Analysts anticipate that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is presently 27.98%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on EOG shares. Susquehanna boosted their price objective on EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research note on Monday. Bank of America downgraded shares of EOG Resources from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $147.00 to $140.00 in a report on Friday, January 5th. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. upped their price target on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a report on Thursday, March 28th. Finally, Stifel Nicolaus reduced their price objective on EOG Resources from $163.00 to $153.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Twelve 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $142.33.

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.