Parsons Capital Management Inc. RI Acquires 610 Shares of EOG Resources, Inc. (NYSE:EOG)

Parsons Capital Management Inc. RI raised its holdings in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 30.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,642 shares of the energy exploration company’s stock after purchasing an additional 610 shares during the period. Parsons Capital Management Inc. RI’s holdings in EOG Resources were worth $320,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Envestnet Portfolio Solutions Inc. purchased a new position in shares of EOG Resources during the 3rd quarter worth approximately $4,431,000. Paradigm Financial Partners LLC grew its holdings in shares of EOG Resources by 0.9% during the 3rd quarter. Paradigm Financial Partners LLC now owns 30,004 shares of the energy exploration company’s stock worth $3,728,000 after acquiring an additional 271 shares during the period. L. Roy Papp & Associates LLP grew its holdings in shares of EOG Resources by 18.3% during the 4th quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock worth $20,362,000 after acquiring an additional 26,026 shares during the period. Pacer Advisors Inc. grew its holdings in shares of EOG Resources by 12.5% during the 4th quarter. Pacer Advisors Inc. now owns 3,065,042 shares of the energy exploration company’s stock worth $370,717,000 after acquiring an additional 340,902 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of EOG Resources by 105.7% during the 4th quarter. SG Americas Securities LLC now owns 44,688 shares of the energy exploration company’s stock worth $5,405,000 after acquiring an additional 22,962 shares during the period. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Susquehanna cut their price target on EOG Resources from $164.00 to $147.00 and set a “positive” rating on the stock in a research note on Friday, January 26th. JPMorgan Chase & Co. upped their price target on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Morgan Stanley upped their price target on EOG Resources from $131.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 28th. Citigroup upped their price target on EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Finally, KeyCorp cut their price target on EOG Resources from $157.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, January 11th. Eleven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $140.20.

Check Out Our Latest Research Report on EOG

EOG Resources Price Performance

NYSE EOG opened at $133.80 on Thursday. The business’s fifty day moving average price is $118.28 and its 200-day moving average price is $121.36. The stock has a market capitalization of $76.96 billion, a price-to-earnings ratio of 10.28 and a beta of 1.40. 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 1-year low of $106.32 and a 1-year high of $136.79.

EOG Resources (NYSE:EOGGet Free Report) last released its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). The firm had revenue of $6.36 billion for 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%. EOG Resources’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.30 earnings per share. On average, equities analysts predict that EOG Resources, Inc. will post 11.45 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.72%. EOG Resources’s dividend payout ratio is currently 27.98%.

EOG Resources Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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