Colonial River Wealth Management LLC Invests $218,000 in EOG Resources, Inc. (NYSE:EOG)

Colonial River Wealth Management LLC acquired a new position in EOG Resources, Inc. (NYSE:EOGFree Report) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,806 shares of the energy exploration company’s stock, valued at approximately $218,000.

Other large investors have also recently made changes to their positions in the company. CENTRAL TRUST Co increased its holdings in shares of EOG Resources by 0.8% during the third quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company’s stock valued at $1,019,000 after acquiring an additional 74 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of EOG Resources by 3.0% during the third quarter. Ballentine Partners LLC now owns 2,614 shares of the energy exploration company’s stock valued at $331,000 after acquiring an additional 75 shares in the last quarter. Covestor Ltd increased its holdings in shares of EOG Resources by 7.2% during the third quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock valued at $154,000 after acquiring an additional 82 shares in the last quarter. ORG Partners LLC increased its holdings in shares of EOG Resources by 1.0% during the third quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock valued at $1,118,000 after acquiring an additional 84 shares in the last quarter. Finally, White Pine Capital LLC boosted its position in shares of EOG Resources by 2.2% during the fourth quarter. White Pine Capital LLC now owns 3,942 shares of the energy exploration company’s stock valued at $511,000 after buying an additional 85 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EOG shares. Morgan Stanley increased their price objective on EOG Resources from $131.00 to $132.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. TD Securities decreased their price objective on EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. Wells Fargo & Company downgraded EOG Resources from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $150.00 to $130.00 in a research note on Thursday, December 14th. Mizuho decreased their price objective on EOG Resources from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Wednesday, January 3rd. Finally, Raymond James decreased their price objective on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Eleven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EOG Resources has an average rating of “Moderate Buy” and a consensus target price of $140.20.

View Our Latest Research Report on EOG Resources

EOG Resources Price Performance

EOG stock opened at $132.24 on Wednesday. The business has a fifty day moving average of $117.85 and a two-hundred day moving average of $121.27. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. The stock has a market cap of $76.07 billion, a price-to-earnings ratio of 10.16 and a beta of 1.40. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $136.79.

EOG Resources (NYSE:EOGGet Free Report) last posted its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. EOG Resources’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the business earned $3.30 EPS. As a group, research analysts anticipate that EOG Resources, Inc. will post 11.45 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.91 per share. The ex-dividend date is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.75%. EOG Resources’s dividend payout ratio is currently 27.98%.

EOG Resources Company Profile

(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.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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