Princeton Global Asset Management LLC lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,331 shares of the energy exploration company’s stock after selling 505 shares during the period. Princeton Global Asset Management LLC’s holdings in EOG Resources were worth $914,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in EOG. Wolff Wiese Magana LLC acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Baron Financial Group LLC acquired a new position in shares of EOG Resources in the third quarter valued at approximately $26,000. Winslow Evans & Crocker Inc. increased its holdings in shares of EOG Resources by 1,136.4% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 544 shares of the energy exploration company’s stock valued at $27,000 after purchasing an additional 500 shares during the period. Exchange Traded Concepts LLC grew its holdings in EOG Resources by 628.0% during the third quarter. Exchange Traded Concepts LLC now owns 859 shares of the energy exploration company’s stock worth $31,000 after acquiring an additional 741 shares during the period. Finally, Altshuler Shaham Ltd acquired a new position in EOG Resources during the third quarter worth $36,000. 87.69% of the stock is currently owned by institutional investors and hedge funds.
EOG has been the topic of a number of recent analyst reports. Truist upped their price objective on EOG Resources from $50.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, December 29th. Scotiabank reaffirmed a “sector perform” rating and set a $53.00 price objective (up previously from $50.00) on shares of EOG Resources in a report on Thursday, November 19th. Barclays dropped their price objective on EOG Resources from $67.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 2nd. KeyCorp upped their price objective on EOG Resources from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, January 21st. Finally, Bank of America upgraded EOG Resources from a “neutral” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Friday, November 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $63.29.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 29th. Investors of record on Friday, January 15th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, January 14th. This represents a $1.50 annualized dividend and a yield of 2.25%. EOG Resources’s dividend payout ratio (DPR) is presently 30.12%.
About EOG Resources
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. The company's principal producing areas are located in New Mexico, North Dakota, Texas, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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