Calamos Advisors LLC Lowers Position in EOG Resources, Inc. (NYSE:EOG)

Calamos Advisors LLC decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,537 shares of the energy exploration company’s stock after selling 1,039 shares during the period. Calamos Advisors LLC’s holdings in EOG Resources were worth $9,620,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Xponance Inc. increased its holdings in shares of EOG Resources by 21.5% in the fourth quarter. Xponance Inc. now owns 82,074 shares of the energy exploration company’s stock worth $9,927,000 after buying an additional 14,523 shares during the period. AIA Group Ltd grew its stake in shares of EOG Resources by 128.0% in the fourth quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock worth $1,234,000 after purchasing an additional 5,728 shares during the last quarter. Twin Capital Management Inc. grew its stake in shares of EOG Resources by 56.0% in the fourth quarter. Twin Capital Management Inc. now owns 11,227 shares of the energy exploration company’s stock worth $1,358,000 after purchasing an additional 4,031 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of EOG Resources by 15.4% in the fourth quarter. Federated Hermes Inc. now owns 11,324 shares of the energy exploration company’s stock worth $1,370,000 after purchasing an additional 1,512 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of EOG Resources by 44.8% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,057 shares of the energy exploration company’s stock worth $128,000 after purchasing an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Bank of America cut EOG Resources from a “buy” rating to a “neutral” rating and cut their target price for the stock from $147.00 to $140.00 in a research note on Friday, January 5th. TD Securities cut their target price on EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. Barclays started coverage on EOG Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective on the stock. Stifel Nicolaus decreased their target price on EOG Resources from $163.00 to $153.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, Piper Sandler lifted their price target on EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research report on Friday. Thirteen investment 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $141.48.

EOG Resources Trading Up 1.1 %

NYSE:EOG opened at $133.15 on Friday. The company’s 50 day moving average price is $123.45 and its 200-day moving average price is $122.05. EOG Resources, Inc. has a 52 week low of $106.32 and a 52 week high of $139.67. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. The stock has a market cap of $76.59 billion, a price-to-earnings ratio of 10.23 and a beta of 1.40.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned $3.30 EPS. On average, equities research analysts forecast that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a dividend of $0.91 per share. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.73%. EOG Resources’s dividend payout ratio (DPR) is 27.98%.

EOG Resources Company 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.