EOG Resources, Inc. (NYSE:EOG) Stock Holdings Increased by Cwm LLC

Cwm LLC lifted its stake in EOG Resources, Inc. (NYSE:EOG) by 15.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,694 shares of the energy exploration company’s stock after purchasing an additional 2,090 shares during the quarter. Cwm LLC’s holdings in EOG Resources were worth $1,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in EOG. McIlrath & Eck LLC raised its position in EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 104 shares in the last quarter. Exchange Traded Concepts LLC raised its position in EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 212 shares in the last quarter. Peoples Bank KS bought a new position in EOG Resources during the third quarter valued at approximately $31,000. Hall Laurie J Trustee bought a new position in EOG Resources during the fourth quarter valued at approximately $36,000. Finally, Keener Financial Planning LLC bought a new position in EOG Resources during the fourth quarter valued at approximately $36,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Down 0.2 %

EOG opened at $135.40 on Friday. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The firm’s fifty day moving average price is $125.26 and its two-hundred day moving average price is $122.45. The company has a market capitalization of $77.88 billion, a P/E ratio of 10.41 and a beta of 1.40.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the prior year, the firm earned $3.30 EPS. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. On average, analysts anticipate that EOG Resources, Inc. will post 12.29 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.69%. EOG Resources’s dividend payout ratio is presently 27.98%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EOG shares. Bank of America lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and cut their price objective for the company from $147.00 to $140.00 in a research report on Friday, January 5th. Citigroup raised their price objective on shares of EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Barclays assumed coverage on shares of EOG Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price target on the stock. Raymond James dropped their price target on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Finally, Susquehanna lifted their price target on shares of EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research report on Monday. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $142.19.

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.