TCG Advisory Services LLC Grows Holdings in EOG Resources, Inc. (NYSE:EOG)

TCG Advisory Services LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,848 shares of the energy exploration company’s stock after buying an additional 5,479 shares during the quarter. TCG Advisory Services LLC’s holdings in EOG Resources were worth $4,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. First National Trust Co grew its holdings in EOG Resources by 11.0% during the 4th quarter. First National Trust Co now owns 3,398 shares of the energy exploration company’s stock valued at $411,000 after buying an additional 338 shares in the last quarter. AJOVista LLC purchased a new stake in EOG Resources during the 4th quarter valued at approximately $169,000. Legacy Financial Advisors Inc. grew its holdings in EOG Resources by 12.5% during the 4th quarter. Legacy Financial Advisors Inc. now owns 3,056 shares of the energy exploration company’s stock valued at $370,000 after buying an additional 340 shares in the last quarter. Sapient Capital LLC purchased a new stake in EOG Resources during the 4th quarter valued at approximately $17,073,000. Finally, Axxcess Wealth Management LLC grew its holdings in EOG Resources by 19.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 15,172 shares of the energy exploration company’s stock valued at $1,835,000 after buying an additional 2,428 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on EOG shares. Raymond James lowered their target price 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. TD Cowen increased their target price on EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Piper Sandler increased their target price on EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. increased their target price on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Finally, StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research report on Wednesday. Thirteen research 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $142.27.

EOG Resources Trading Down 1.4 %

Shares of NYSE:EOG traded down $1.78 on Friday, hitting $130.02. 5,660,840 shares of the company’s stock were exchanged, compared to its average volume of 2,953,117. EOG Resources, Inc. has a 12 month low of $106.32 and a 12 month high of $139.67. The stock has a market capitalization of $74.79 billion, a price-to-earnings ratio of 10.27 and a beta of 1.38. The business’s 50 day simple moving average is $127.48 and its two-hundred day simple moving average is $122.57. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.12. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 25.11% and a net margin of 30.33%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $2.69 earnings per share. Analysts anticipate that EOG Resources, Inc. will post 12.14 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.80%. EOG Resources’s dividend payout ratio is currently 28.75%.

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.