RiverFront Investment Group LLC Acquires 12,348 Shares of EOG Resources, Inc. (NYSE:EOG)

RiverFront Investment Group LLC lifted its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 141,863 shares of the energy exploration company's stock after purchasing an additional 12,348 shares during the period. RiverFront Investment Group LLC's holdings in EOG Resources were worth $17,390,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Financial Life Planners bought a new position in shares of EOG Resources during the 4th quarter valued at about $25,000. Y.D. More Investments Ltd lifted its stake in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new position in EOG Resources in the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources during the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources during the fourth quarter worth $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Stock Up 0.8 %

NYSE EOG traded up $1.02 on Tuesday, hitting $129.26. 1,909,224 shares of the company were exchanged, compared to its average volume of 3,098,666. EOG Resources, Inc. has a 12 month low of $115.78 and a 12 month high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market cap of $71.60 billion, a PE ratio of 10.41, a PEG ratio of 3.58 and a beta of 1.25. The stock has a fifty day moving average of $128.06 and a 200-day moving average of $127.85.

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EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share 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 given a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's payout ratio is 34.73%.

Analyst Ratings Changes

A number of research firms have issued reports on EOG. Raymond James increased their target price on EOG Resources from $167.00 to $175.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. Williams Trading set a $154.00 price target on shares of EOG Resources in a research note on Wednesday, March 5th. Barclays cut their price objective on shares of EOG Resources from $146.00 to $144.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 18th. Benchmark reaffirmed a "hold" rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Truist Financial boosted their price target on shares of EOG Resources from $135.00 to $137.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Thirteen 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.com, the company presently has a consensus rating of "Hold" and an average target price of $144.67.

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.