EOG Resources, Inc. (NYSE:EOG) Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,845 shares of the energy exploration company’s stock after selling 700 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in EOG Resources were worth $1,433,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EOG. Tejara Capital Ltd purchased a new position in shares of EOG Resources in the 4th quarter valued at about $106,000. Charles Schwab Investment Management Inc. increased its stake in shares of EOG Resources by 196.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,859,925 shares of the energy exploration company’s stock valued at $1,175,599,000 after purchasing an additional 6,529,464 shares in the last quarter. Morgan Stanley increased its stake in shares of EOG Resources by 87.8% in the 4th quarter. Morgan Stanley now owns 7,787,281 shares of the energy exploration company’s stock valued at $1,008,609,000 after purchasing an additional 3,641,504 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in EOG Resources by 126.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,111,339 shares of the energy exploration company’s stock worth $662,021,000 after buying an additional 2,851,839 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its stake in EOG Resources by 103,083.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,272,097 shares of the energy exploration company’s stock worth $294,282,000 after buying an additional 2,269,895 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 0.1 %

NYSE:EOG traded up $0.13 during trading hours on Wednesday, hitting $125.91. The company’s stock had a trading volume of 926,957 shares, compared to its average volume of 3,483,515. The stock has a fifty day moving average of $115.73 and a 200-day moving average of $121.46. The stock has a market capitalization of $73.03 billion, a P/E ratio of 9.67 and a beta of 1.39. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $136.79. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.30 EPS. On average, equities analysts forecast that EOG Resources, Inc. will post 11.43 earnings per share for the current year.

EOG Resources Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.89%. EOG Resources’s payout ratio is 27.98%.

Analyst Ratings Changes

Several research firms have commented on EOG. Morgan Stanley lowered EOG Resources from an “overweight” rating to an “equal weight” rating and set a $134.00 price objective for the company. in a research note on Monday, December 11th. Bank of America lowered EOG Resources from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $147.00 to $140.00 in a research note on Friday, January 5th. KeyCorp cut their price objective on EOG Resources from $157.00 to $147.00 and set an “overweight” rating for the company in a research note on Thursday, January 11th. Citigroup boosted their price objective on EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Finally, Raymond James dropped their price target on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Eleven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $140.75.

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.