NewEdge Advisors LLC Has $2.35 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

NewEdge Advisors LLC raised its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,204 shares of the energy exploration company's stock after purchasing an additional 2,307 shares during the period. NewEdge Advisors LLC's holdings in EOG Resources were worth $2,354,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in 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 acquiring an additional 781,282 shares during the period. Geode Capital Management LLC increased its position in shares of EOG Resources by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock worth $1,541,282,000 after acquiring an additional 234,067 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of EOG Resources by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock worth $696,990,000 after acquiring an additional 365,115 shares during the period. Franklin Resources Inc. increased its holdings in EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock worth $694,717,000 after purchasing an additional 2,076,134 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of 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 valued at $547,827,000 after purchasing an additional 214,497 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EOG shares. Citigroup decreased their price objective on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Morgan Stanley decreased their price target on shares of EOG Resources from $142.00 to $136.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Piper Sandler decreased their target price on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research report on Tuesday. Finally, Mizuho reiterated a "neutral" rating and issued a $140.00 price target (down from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. Twelve research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $141.25.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

EOG Resources Stock Performance

EOG stock traded down $0.39 during midday trading on Friday, reaching $113.07. 2,093,424 shares of the company were exchanged, compared to its average volume of 3,233,731. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The firm has a market capitalization of $62.36 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. The business has a 50-day moving average price of $120.87 and a two-hundred day moving average price of $125.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.45%. EOG Resources's dividend payout ratio (DPR) is currently 34.73%.

EOG Resources 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.