WCM Investment Management LLC Acquires 2,346 Shares of EOG Resources, Inc. (NYSE:EOG)

WCM Investment Management LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,434 shares of the energy exploration company’s stock after buying an additional 2,346 shares during the period. WCM Investment Management LLC’s holdings in EOG Resources were worth $3,693,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Fortis Capital Advisors LLC bought a new position in EOG Resources in the 4th quarter worth about $28,000. Lumature Wealth Partners LLC bought a new position in EOG Resources in the 1st quarter worth about $28,000. McIlrath & Eck LLC boosted its stake in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 104 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares in the last quarter. Finally, Peoples Bank KS bought a new position in EOG Resources in the 3rd quarter worth about $31,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 1.4 %

Shares of EOG opened at $135.29 on Monday. 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 $139.67. The company has a 50 day simple moving average of $121.36 and a two-hundred day simple moving average of $121.78. The firm has a market cap of $77.82 billion, a P/E ratio of 10.40 and a beta of 1.40.

EOG Resources (NYSE:EOGGet Free Report) last announced its quarterly earnings data 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). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period last year, the business earned $3.30 earnings per share. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities analysts expect that EOG Resources, Inc. will post 11.95 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 Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

Analyst Ratings Changes

A number of equities analysts have weighed in on EOG shares. Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the stock from $135.00 to $155.00 in a research report on Thursday. JPMorgan Chase & Co. upped their target price on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Piper Sandler lowered their target price on shares of EOG Resources from $153.00 to $141.00 and set an “overweight” rating on the stock in a research note on Thursday, March 7th. TD Securities lowered their target price on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. Finally, Barclays assumed coverage on shares of EOG Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 target price on the stock. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $140.76.

View Our Latest Stock Report on EOG Resources

About EOG Resources

(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.

Further Reading

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

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