Northside Capital Management LLC Lowers Position in EOG Resources, Inc. $EOG

Northside Capital Management LLC trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 24.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,957 shares of the energy exploration company’s stock after selling 51,383 shares during the quarter. EOG Resources accounts for approximately 1.6% of Northside Capital Management LLC’s portfolio, making the stock its 19th biggest position. Northside Capital Management LLC’s holdings in EOG Resources were worth $17,934,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. First Trust Advisors LP increased its position in shares of EOG Resources by 64.1% during the second quarter. First Trust Advisors LP now owns 3,728,128 shares of the energy exploration company’s stock valued at $445,921,000 after acquiring an additional 1,456,928 shares during the last quarter. Prudential Financial Inc. raised its position in EOG Resources by 282.3% in the second quarter. Prudential Financial Inc. now owns 1,546,058 shares of the energy exploration company’s stock valued at $184,924,000 after purchasing an additional 1,141,680 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in EOG Resources during the first quarter worth $81,752,000. Jupiter Asset Management Ltd. boosted its position in shares of EOG Resources by 122.6% during the second quarter. Jupiter Asset Management Ltd. now owns 907,231 shares of the energy exploration company’s stock worth $108,514,000 after buying an additional 499,610 shares during the period. Finally, Northern Trust Corp grew its stake in shares of EOG Resources by 6.3% in the first quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company’s stock valued at $779,433,000 after buying an additional 358,916 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Down 3.9%

Shares of NYSE:EOG opened at $101.83 on Wednesday. EOG Resources, Inc. has a 52 week low of $101.69 and a 52 week high of $138.18. The company’s 50 day moving average is $107.74 and its two-hundred day moving average is $114.97. The company has a market cap of $55.25 billion, a PE ratio of 10.14, a P/E/G ratio of 8.02 and a beta of 0.49. The company has a current ratio of 1.62, a quick ratio of 1.43 and a debt-to-equity ratio of 0.25.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. The business had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.89 EPS. Equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of research analyst reports. Sanford C. Bernstein lowered their target price on EOG Resources from $146.00 to $144.00 and set a “market perform” rating for the company in a report on Friday, November 21st. Piper Sandler reduced their price target on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. Wolfe Research dropped their price objective on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. UBS Group reaffirmed a “buy” rating and set a $141.00 target price (down from $144.00) on shares of EOG Resources in a research note on Friday. Finally, Morgan Stanley increased their target price on shares of EOG Resources from $136.00 to $138.00 and gave the stock an “equal weight” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average target price of $139.29.

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.