EOG Resources, Inc. (NYSE:EOG) Position Boosted by Texas Yale Capital Corp.

Texas Yale Capital Corp. lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 3.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,540 shares of the energy exploration company’s stock after acquiring an additional 400 shares during the quarter. Texas Yale Capital Corp.’s holdings in EOG Resources were worth $1,292,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC increased its stake in shares of EOG Resources by 9.4% in the third quarter. Integrated Wealth Concepts LLC now owns 4,495 shares of the energy exploration company’s stock worth $553,000 after acquiring an additional 387 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in EOG Resources in the third quarter valued at about $516,000. Geode Capital Management LLC increased its position in EOG Resources by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company’s stock worth $1,513,446,000 after purchasing an additional 180,755 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of EOG Resources by 15.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 6,661 shares of the energy exploration company’s stock worth $826,000 after purchasing an additional 876 shares in the last quarter. Finally, Empire Financial Management Company LLC increased its holdings in EOG Resources by 3.7% in the third quarter. Empire Financial Management Company LLC now owns 9,384 shares of the energy exploration company’s stock worth $1,154,000 after buying an additional 333 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Truist Financial raised their target price on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. Mizuho reaffirmed a “neutral” rating and issued a $140.00 price target (down previously from $148.00) on shares of EOG Resources in a research report on Tuesday, March 25th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. Finally, Wells Fargo & Company reduced their target price on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Thirteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $144.67.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.30% of the stock is owned by insiders.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $114.11 on Thursday. The firm has a market capitalization of $62.94 billion, a PE ratio of 9.19, a PEG ratio of 3.58 and a beta of 0.93. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1-year low of $102.54 and a 1-year high of $139.67. The business’s 50 day moving average is $125.11 and its 200-day moving average is $127.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. Sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.42%. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

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.