Verdence Capital Advisors LLC Buys 321 Shares of EOG Resources, Inc. (NYSE:EOG)

Verdence Capital Advisors LLC boosted its stake in EOG Resources, Inc. (NYSE:EOGFree Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,316 shares of the energy exploration company’s stock after purchasing an additional 321 shares during the period. Verdence Capital Advisors LLC’s holdings in EOG Resources were worth $1,611,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Fortis Capital Advisors LLC bought a new stake in shares of EOG Resources during the 4th quarter valued at $28,000. Lumature Wealth Partners LLC bought a new stake in shares of EOG Resources during the 1st quarter valued at $28,000. McIlrath & Eck LLC grew its position in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 104 shares during the period. Exchange Traded Concepts LLC grew its position in shares of EOG Resources by 530.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 212 shares during the period. Finally, Peoples Bank KS bought a new stake in shares of EOG Resources during the 3rd quarter valued at $31,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

EOG stock traded up $1.41 during midday trading on Friday, hitting $133.17. 2,489,274 shares of the stock traded hands, compared to its average volume of 2,941,661. The firm has a market cap of $76.60 billion, a P/E ratio of 10.24 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The stock’s fifty day simple moving average is $123.45 and its 200-day simple moving average is $122.04. EOG Resources, Inc. has a 1-year low of $106.32 and a 1-year high of $139.67.

EOG Resources (NYSE:EOGGet Free Report) last released its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the prior year, the business posted $3.30 EPS. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, analysts expect that EOG Resources, Inc. will post 12.07 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a $0.91 dividend. The ex-dividend date is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.73%. EOG Resources’s dividend payout ratio (DPR) is 27.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays assumed coverage on shares of EOG Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective for the company. Mizuho lifted their target price on shares of EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, April 15th. KeyCorp lowered their target price on shares of EOG Resources from $157.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, January 11th. Piper Sandler lifted their target price on shares of EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Raymond James lowered their target price on shares of 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. Thirteen 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.com, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $141.48.

Read Our Latest Research Report on EOG Resources

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.

Further Reading

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

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