Vanguard Capital Wealth Advisors Sells 250 Shares of EOG Resources, Inc. (NYSE:EOG)

Vanguard Capital Wealth Advisors cut its position in EOG Resources, Inc. (NYSE:EOG) by 11.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,867 shares of the energy exploration company’s stock after selling 250 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in EOG Resources were worth $226,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EOG. Jackson Creek Investment Advisors LLC bought a new position in shares of EOG Resources during the 4th quarter valued at $380,000. Norden Group LLC lifted its holdings in shares of EOG Resources by 29.1% in the 4th quarter. Norden Group LLC now owns 2,585 shares of the energy exploration company’s stock worth $313,000 after acquiring an additional 583 shares during the last quarter. Penobscot Investment Management Company Inc. grew its position in shares of EOG Resources by 7.0% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,340 shares of the energy exploration company’s stock valued at $525,000 after buying an additional 285 shares during the last quarter. Field & Main Bank boosted its holdings in shares of EOG Resources by 2.3% in the fourth quarter. Field & Main Bank now owns 6,080 shares of the energy exploration company’s stock valued at $735,000 after acquiring an additional 135 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its holdings in shares of EOG Resources by 51.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 11,455 shares of the energy exploration company’s stock worth $1,385,000 after buying an additional 3,905 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG traded down $4.12 on Tuesday, reaching $132.13. The stock had a trading volume of 3,552,396 shares, compared to its average volume of 3,353,283. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $126.15 and a 200-day moving average of $122.49. The company has a market capitalization of $76.00 billion, a price-to-earnings ratio of 10.35 and a beta of 1.40.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. EOG Resources’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period last year, the company posted $3.30 earnings per share. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 12.3 EPS for the current year.

EOG Resources Dividend Announcement

The business 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 of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.75%. EOG Resources’s dividend payout ratio is 27.98%.

Wall Street Analyst Weigh In

EOG has been the subject of a number of research analyst reports. Stifel Nicolaus cut their price target on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Piper Sandler raised their price objective on EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Raymond James reduced their target price 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. Barclays initiated coverage on EOG Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price objective on the stock. Finally, KeyCorp upped their target price on EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Thirteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $142.27.

About EOG Resources

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.