National Bank of Canada FI Decreases Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

National Bank of Canada FI cut its stake in EOG Resources, Inc. (NYSE:EOG) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 276,664 shares of the energy exploration company’s stock after selling 26,359 shares during the quarter. National Bank of Canada FI’s holdings in EOG Resources were worth $33,914,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in EOG. Financial Life Planners purchased a new stake in EOG Resources in the fourth quarter worth approximately $25,000. Y.D. More Investments Ltd boosted its stake in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources in the fourth quarter worth $25,000. Decker Retirement Planning Inc. purchased a new stake in EOG Resources during the fourth quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources in the fourth quarter valued at about $27,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EOG has been the subject of several research reports. Williams Trading set a $154.00 price target on shares of EOG Resources in a research report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Bank of America reissued a “neutral” rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Finally, Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Thirteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $144.67.

EOG Resources Price Performance

NYSE:EOG opened at $130.07 on Thursday. The company has a market capitalization of $71.74 billion, a P/E ratio of 10.47, a P/E/G ratio of 3.58 and a beta of 0.93. The business’s 50-day moving average is $127.85 and its 200 day moving average is $127.94. 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 12 month low of $115.78 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. On average, equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio is 34.73%.

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.