Massachusetts Financial Services Co. MA reduced its holdings in shares of EOG Resources, Inc. (NYSE:EOG – Free Report) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,469,806 shares of the energy exploration company’s stock after selling 222,463 shares during the period. Massachusetts Financial Services Co. MA’s holdings in EOG Resources were worth $670,489,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Edgestream Partners L.P. purchased a new position in EOG Resources in the third quarter valued at $1,410,000. Hilltop Holdings Inc. grew its position in shares of EOG Resources by 93.9% during the third quarter. Hilltop Holdings Inc. now owns 4,695 shares of the energy exploration company’s stock worth $577,000 after buying an additional 2,274 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of EOG Resources by 9.4% during the third quarter. Integrated Wealth Concepts LLC now owns 4,495 shares of the energy exploration company’s stock worth $553,000 after buying an additional 387 shares in the last quarter. IHT Wealth Management LLC raised its holdings in EOG Resources by 28.7% in the third quarter. IHT Wealth Management LLC now owns 4,940 shares of the energy exploration company’s stock valued at $610,000 after acquiring an additional 1,101 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in EOG Resources by 2.6% in the third quarter. Royal London Asset Management Ltd. now owns 271,452 shares of the energy exploration company’s stock valued at $33,370,000 after acquiring an additional 6,940 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on EOG shares. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Mizuho reaffirmed a “neutral” rating and set a $140.00 price target (down from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Raymond James upped their price objective on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. Morgan Stanley cut their target price on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. Finally, Wells Fargo & Company lowered their price target on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $144.67.
Read Our Latest Stock Analysis on EOG
EOG Resources Stock Up 0.6 %
EOG stock opened at $130.07 on Thursday. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company has a fifty day moving average of $127.85 and a 200-day moving average of $127.94. The stock has a market capitalization of $71.74 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93.
EOG Resources (NYSE:EOG – Get Free Report) last released its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.
EOG Resources Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.00%. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.
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.
Read More
- Five stocks we like better than EOG Resources
- How Investors Can Find the Best Cheap Dividend Stocks
- Homebuilders in Freefall: Bargain Opportunity or Falling Knife?
- 3 Stocks to Consider Buying in October
- The 3 Most Talked About Investments on WallStreetBets Right Now
- What is the Nikkei 225 index?
- Analyst Targets Signal More Growth in CrowdStrike Stock
Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG – Free Report).