Tyche Wealth Partners LLC Invests $438,000 in EOG Resources, Inc. (NYSE:EOG)

Tyche Wealth Partners LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,624 shares of the energy exploration company’s stock, valued at approximately $438,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cetera Investment Advisers lifted its stake in EOG Resources by 16.0% during the first quarter. Cetera Investment Advisers now owns 16,031 shares of the energy exploration company’s stock worth $1,911,000 after purchasing an additional 2,213 shares during the last quarter. Moors & Cabot Inc. purchased a new stake in EOG Resources during the first quarter worth approximately $404,000. Sequoia Financial Advisors LLC purchased a new stake in EOG Resources during the first quarter worth approximately $278,000. Zions Bancorporation N.A. lifted its stake in EOG Resources by 237.7% in the first quarter. Zions Bancorporation N.A. now owns 1,155 shares of the energy exploration company’s stock valued at $138,000 after buying an additional 813 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in EOG Resources by 23.7% in the first quarter. Brown Brothers Harriman & Co. now owns 662 shares of the energy exploration company’s stock valued at $79,000 after buying an additional 127 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Price Performance

EOG Resources stock traded up $0.57 during trading hours on Wednesday, hitting $132.96. The stock had a trading volume of 3,483,685 shares, compared to its average volume of 2,989,468. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The stock has a market capitalization of $76.48 billion, a price-to-earnings ratio of 10.22 and a beta of 1.40. EOG Resources, Inc. has a 1-year low of $106.32 and a 1-year high of $139.67. The stock’s fifty day moving average is $122.23 and its two-hundred day moving average is $121.84.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the company earned $3.30 earnings per share. The firm’s revenue was down 5.4% compared to the same quarter last year. As a group, analysts predict that EOG Resources, Inc. will post 11.95 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a $0.91 dividend. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.74%. EOG Resources’s dividend payout ratio (DPR) is 27.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EOG shares. TD Securities reduced their price objective on EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, February 23rd. Barclays started coverage on EOG Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price objective for the company. Morgan Stanley boosted their price objective on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday. Truist Financial reduced their price objective on EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Finally, Citigroup upped their price target on EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $140.90.

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.