St. James Investment Company LLC Has $19.86 Million Stake in EOG Resources, Inc. (NYSE:EOG)

St. James Investment Company LLC lessened its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,049 shares of the energy exploration company's stock after selling 4,656 shares during the quarter. EOG Resources accounts for approximately 3.4% of St. James Investment Company LLC's holdings, making the stock its 14th biggest holding. St. James Investment Company LLC's holdings in EOG Resources were worth $19,864,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. World Investment Advisors LLC acquired a new position in EOG Resources in the third quarter worth about $730,000. Mountain Lake Investment Management LLC bought a new stake in shares of EOG Resources in the 4th quarter valued at approximately $735,000. Oak Ridge Investments LLC raised its holdings in shares of EOG Resources by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company's stock worth $5,059,000 after buying an additional 2,311 shares in the last quarter. Tobam bought a new position in shares of EOG Resources during the 4th quarter worth approximately $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in EOG Resources by 161.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company's stock valued at $550,000 after buying an additional 2,773 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Analyst Ratings Changes

EOG has been the subject of a number of analyst reports. Citigroup cut 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. Williams Trading set a $154.00 price target on shares of EOG Resources in a research report on Wednesday, March 5th. Benchmark reaffirmed a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Wells Fargo & Company cut their target price on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, Piper Sandler decreased their price target on EOG Resources from $141.00 to $135.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources has an average rating of "Hold" and an average price target of $144.67.

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EOG Resources Trading Up 0.8 %

Shares of EOG stock traded up $1.02 during trading hours on Tuesday, reaching $129.26. The company had a trading volume of 1,926,383 shares, compared to its average volume of 3,099,855. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market cap of $71.60 billion, a price-to-earnings ratio of 10.41, a P/E/G ratio of 3.58 and a beta of 1.25. The company has a 50 day moving average of $127.93 and a 200 day moving average of $127.92.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results 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. The firm had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's payout ratio is presently 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.