EOG Resources, Inc. (NYSE:EOG) Shares Sold by Doheny Asset Management CA

Doheny Asset Management CA trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 4.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 19,212 shares of the energy exploration company’s stock after selling 1,000 shares during the quarter. EOG Resources makes up approximately 2.3% of Doheny Asset Management CA’s portfolio, making the stock its 15th biggest position. Doheny Asset Management CA’s holdings in EOG Resources were worth $2,324,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Qube Research & Technologies Ltd lifted its stake in shares of EOG Resources by 863.4% during the third quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock worth $139,445,000 after buying an additional 985,884 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of EOG Resources by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after buying an additional 892,951 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of EOG Resources during the third quarter worth $71,596,000. Invesco Ltd. lifted its stake in shares of EOG Resources by 15.2% during the third quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock worth $443,088,000 after buying an additional 460,872 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of EOG Resources by 38.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,474,807 shares of the energy exploration company’s stock worth $186,946,000 after buying an additional 408,833 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

EOG traded up $1.79 on Thursday, reaching $131.74. 2,241,392 shares of the company’s stock were exchanged, compared to its average volume of 3,339,389. The stock has a market cap of $75.78 billion, a PE ratio of 9.99 and a beta of 1.38. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67. The stock’s fifty day moving average price is $126.80 and its 200-day moving average price is $122.53. 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 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). The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.30 earnings per share. Sell-side analysts expect that EOG Resources, Inc. will post 12.15 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were issued a $0.91 dividend. The ex-dividend date was Monday, April 15th. This represents a $3.64 annualized dividend and a yield of 2.76%. EOG Resources’s payout ratio is 27.98%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. KeyCorp raised their target price on shares of EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Piper Sandler raised their target price on shares of EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Stifel Nicolaus reduced their target price on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Raymond James reduced their target price on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Finally, Mizuho raised their target price on shares of EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources presently has an average rating of “Hold” and a consensus price target of $142.27.

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.