Bedell Frazier Investment Counselling LLC purchased a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 21,008 shares of the energy exploration company's stock, valued at approximately $2,575,000.
Several other institutional investors also recently bought and sold shares of EOG. Charles Schwab Investment Management Inc. raised its position in shares of EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after buying an additional 781,282 shares during the last quarter. Geode Capital Management LLC grew its stake in EOG Resources by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company's stock valued at $1,513,446,000 after acquiring an additional 180,755 shares in the last quarter. Franklin Resources Inc. raised its holdings in EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock valued at $694,717,000 after acquiring an additional 2,076,134 shares during the last quarter. Pacer Advisors Inc. lifted its stake in EOG Resources by 5.0% in the 4th quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company's stock worth $547,827,000 after purchasing an additional 214,497 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its holdings in shares of EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after purchasing an additional 2,792,092 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.
EOG Resources Trading Up 0.8 %
NYSE:EOG traded up $1.02 on Tuesday, reaching $129.26. 1,926,383 shares of the company's stock were exchanged, compared to its average volume of 3,099,855. The firm has a market capitalization of $71.60 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 52-week low of $115.78 and a 52-week high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $127.93 and a 200-day moving average of $127.92.
EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. As a group, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.
EOG Resources Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's payout ratio is currently 34.73%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Bank of America reiterated a "neutral" rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. UBS Group reduced their price target on EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Wolfe Research raised shares of EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Barclays cut their price objective on shares of EOG Resources from $146.00 to $144.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 18th. Finally, Citigroup decreased their target price on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, EOG Resources has an average rating of "Hold" and a consensus target price of $144.67.
Read Our Latest 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.
See Also
Before you consider EOG Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EOG Resources wasn't on the list.
While EOG Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
