Cannell & Spears LLC Trims Position in EOG Resources, Inc. (NYSE:EOG)

Cannell & Spears LLC lowered its holdings in EOG Resources, Inc. (NYSE:EOG) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,726 shares of the energy exploration company’s stock after selling 181 shares during the period. Cannell & Spears LLC’s holdings in EOG Resources were worth $212,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of EOG Resources during the 4th quarter valued at about $25,000. Y.D. More Investments Ltd grew its holdings in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new position in EOG Resources during the fourth quarter worth approximately $25,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources during the fourth quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at $27,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EOG shares. Morgan Stanley dropped their price objective on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Piper Sandler dropped their price target on EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Williams Trading set a $154.00 price objective on EOG Resources in a research note on Wednesday, March 5th. Citigroup dropped their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Finally, Royal Bank of Canada raised shares of EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Thirteen research 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $144.67.

EOG Resources Trading Up 0.8 %

EOG opened at $129.26 on Wednesday. EOG Resources, Inc. has a 12-month low of $115.78 and a 12-month high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The stock has a market capitalization of $71.60 billion, a PE ratio of 10.41, a P/E/G ratio of 3.58 and a beta of 1.25. The firm’s fifty day moving average price is $127.93 and its 200 day moving average price is $127.92.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.02%. EOG Resources’s payout ratio is 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.