Yousif Capital Management LLC Trims Position in EOG Resources, Inc. (NYSE:EOG)

Yousif Capital Management LLC trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 13.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,395 shares of the energy exploration company’s stock after selling 12,967 shares during the period. Yousif Capital Management LLC’s holdings in EOG Resources were worth $9,724,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EOG. McIlrath & Eck LLC raised its holdings in shares of EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 104 shares in the last quarter. Peoples Bank KS purchased a new stake in shares of EOG Resources during the 3rd quarter valued at about $31,000. Exchange Traded Concepts LLC grew its position in EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares during the period. Hall Laurie J Trustee bought a new stake in shares of EOG Resources in the fourth quarter worth $36,000. Finally, Keener Financial Planning LLC bought a new stake in shares of EOG Resources during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Truist Financial cut their price objective on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a research report on Tuesday, April 9th. JPMorgan Chase & Co. increased their price target on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. KeyCorp boosted their price objective on shares of EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Barclays started coverage on shares of EOG Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price target for the company. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $142.19.

EOG Resources Stock Up 0.6 %

NYSE:EOG traded up $0.80 during mid-day trading on Wednesday, hitting $135.60. The company had a trading volume of 1,959,117 shares, compared to its average volume of 3,366,501. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1 year low of $106.32 and a 1 year high of $139.67. The firm has a market capitalization of $78.00 billion, a price-to-earnings ratio of 10.40 and a beta of 1.40. The business has a fifty day simple moving average of $124.34 and a 200-day simple moving average of $122.26.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.30 EPS. Equities analysts forecast that EOG Resources, Inc. will post 12.15 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.68%. The ex-dividend date is Monday, April 15th. EOG Resources’s payout ratio is currently 27.98%.

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.