Desjardins Global Asset Management Inc. Has $497,000 Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Desjardins Global Asset Management Inc. decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 19.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,107 shares of the energy exploration company’s stock after selling 1,015 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in EOG Resources were worth $497,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Fortis Capital Advisors LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth $28,000. Lumature Wealth Partners LLC acquired a new stake in shares of EOG Resources during the first quarter worth $28,000. McIlrath & Eck LLC lifted 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 worth $30,000 after buying an additional 104 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after buying an additional 212 shares in the last quarter. Finally, Peoples Bank KS acquired a new stake in shares of EOG Resources during the third quarter worth $31,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG Resources stock opened at $132.40 on Thursday. The stock’s 50 day moving average is $122.63 and its 200 day moving average is $121.92. 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 firm has a market cap of $76.16 billion, a P/E ratio of 10.18 and a beta of 1.40. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results 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 business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period last year, the firm posted $3.30 earnings per share. EOG Resources’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, research analysts expect that EOG Resources, Inc. will post 12.07 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

Analyst Ratings Changes

EOG has been the subject of a number of research reports. Bank of America downgraded EOG Resources from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $147.00 to $140.00 in a report on Friday, January 5th. Raymond James decreased their price target on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Barclays began coverage on EOG Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price target on the stock. KeyCorp decreased their price target on EOG Resources from $157.00 to $147.00 and set an “overweight” rating on the stock in a research report on Thursday, January 11th. Finally, Morgan Stanley raised their price target on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus 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.