Parsons Capital Management Inc. RI Has $259,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

Parsons Capital Management Inc. RI lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 23.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,023 shares of the energy exploration company’s stock after selling 619 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in EOG Resources were worth $259,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Ballentine Partners LLC increased its position in EOG Resources by 3.0% during the third quarter. Ballentine Partners LLC now owns 2,614 shares of the energy exploration company’s stock worth $331,000 after buying an additional 75 shares during the last quarter. Covestor Ltd boosted its holdings in shares of EOG Resources by 7.2% during the third quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock worth $154,000 after acquiring an additional 82 shares during the period. ORG Partners LLC boosted its holdings in shares of EOG Resources by 1.0% during the third quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock worth $1,118,000 after acquiring an additional 84 shares during the period. Sandy Spring Bank boosted its holdings in shares of EOG Resources by 1.0% during the third quarter. Sandy Spring Bank now owns 9,077 shares of the energy exploration company’s stock worth $1,151,000 after acquiring an additional 86 shares during the period. Finally, Bison Wealth LLC boosted its holdings in shares of EOG Resources by 1.6% during the third quarter. Bison Wealth LLC now owns 5,384 shares of the energy exploration company’s stock worth $682,000 after acquiring an additional 86 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Trading Up 0.3 %

NYSE EOG traded up $0.34 on Friday, reaching $135.70. The company had a trading volume of 1,841,074 shares, compared to its average volume of 2,825,198. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The firm has a market cap of $78.06 billion, a price-to-earnings ratio of 10.43 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. The business has a 50 day moving average of $125.70 and a two-hundred day moving average of $122.44.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the prior year, the business earned $3.30 EPS. EOG Resources’s quarterly revenue was down 5.4% compared to the same quarter last year. Analysts forecast that EOG Resources, Inc. will post 12.3 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.68%. EOG Resources’s payout ratio is currently 27.98%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EOG. Morgan Stanley boosted their price objective on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Truist Financial cut their price target on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Piper Sandler boosted their price target on EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a research note on Tuesday, April 9th. Finally, Citigroup boosted their price target on EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Twelve 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.