Raymond James Financial Services Advisors Inc. Sells 3,731 Shares of EOG Resources, Inc. (NYSE:EOG)

Raymond James Financial Services Advisors Inc. trimmed its stake in EOG Resources, Inc. (NYSE:EOG) by 1.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 226,847 shares of the energy exploration company’s stock after selling 3,731 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in EOG Resources were worth $27,437,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers increased its position in EOG Resources by 16.0% in the 1st quarter. Cetera Investment Advisers now owns 16,031 shares of the energy exploration company’s stock worth $1,911,000 after buying an additional 2,213 shares during the period. Moors & Cabot Inc. bought a new position in EOG Resources in the 1st quarter worth approximately $404,000. Sequoia Financial Advisors LLC bought a new position in EOG Resources in the 1st quarter worth approximately $278,000. Zions Bancorporation N.A. increased its position in EOG Resources by 237.7% in the 1st quarter. Zions Bancorporation N.A. now owns 1,155 shares of the energy exploration company’s stock worth $138,000 after buying an additional 813 shares during the period. Finally, Brown Brothers Harriman & Co. increased its position in EOG Resources by 23.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 662 shares of the energy exploration company’s stock worth $79,000 after buying an additional 127 shares during the period. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Up 0.5 %

EOG stock opened at $126.41 on Thursday. The business has a 50-day moving average of $116.01 and a 200-day moving average of $121.41. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $136.79. The stock has a market capitalization of $73.32 billion, a P/E ratio of 9.72 and a beta of 1.39. 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 (NYSE:EOG) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.30 EPS. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.43 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.91 dividend. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.88%. EOG Resources’s dividend payout ratio is 27.98%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stifel Nicolaus lowered their price objective on EOG Resources from $163.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. KeyCorp lowered their price objective on EOG Resources from $157.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, January 11th. UBS Group lowered their price objective on EOG Resources from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, December 14th. Piper Sandler lowered their price objective on EOG Resources from $153.00 to $141.00 and set an “overweight” rating on the stock in a research report on Thursday, March 7th. Finally, Susquehanna lowered their price objective on EOG Resources from $164.00 to $147.00 and set a “positive” rating on the stock in a research report on Friday, January 26th. Eleven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EOG Resources has an average rating of “Moderate Buy” and an average price target of $140.75.

EOG Resources Company 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.