Demars Financial Group LLC Trims Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Demars Financial Group LLC lowered its position in EOG Resources, Inc. (NYSE:EOG) by 78.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,214 shares of the energy exploration company’s stock after selling 19,361 shares during the period. Demars Financial Group LLC’s holdings in EOG Resources were worth $631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Ballentine Partners LLC increased its holdings in shares of EOG Resources by 3.0% in the third quarter. Ballentine Partners LLC now owns 2,614 shares of the energy exploration company’s stock valued at $331,000 after purchasing an additional 75 shares during the period. Covestor Ltd increased its holdings in shares of EOG Resources by 7.2% in the third quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock valued at $154,000 after purchasing an additional 82 shares during the period. ORG Partners LLC increased its holdings in shares of EOG Resources by 1.0% in the third quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock valued at $1,118,000 after purchasing an additional 84 shares during the period. Sandy Spring Bank increased its holdings in shares of EOG Resources by 1.0% in the third quarter. Sandy Spring Bank now owns 9,077 shares of the energy exploration company’s stock valued at $1,151,000 after purchasing an additional 86 shares during the period. Finally, Bison Wealth LLC increased its holdings in shares of EOG Resources by 1.6% in the third quarter. Bison Wealth LLC now owns 5,384 shares of the energy exploration company’s stock valued at $682,000 after purchasing an additional 86 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on EOG shares. Raymond James dropped their target price on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. TD Securities dropped their target price on EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, February 23rd. Barclays started coverage on EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective on the stock. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a report on Monday. Finally, Mizuho upped their price objective on EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and an average target price of $142.19.

EOG Resources Stock Up 0.5 %

Shares of NYSE:EOG opened at $135.50 on Wednesday. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67. The stock’s fifty day simple moving average is $124.34 and its 200-day simple moving average is $122.26. The company has a market capitalization of $77.94 billion, a P/E ratio of 10.36 and a beta of 1.40.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data 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). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the company earned $3.30 earnings per share. The firm’s revenue was down 5.4% compared to the same quarter last year. As a group, equities research analysts forecast that EOG Resources, Inc. will post 12.15 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors 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 yield of 2.69%. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

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.