Larson Financial Group LLC Grows Position in EOG Resources, Inc. (NYSE:EOG)

Larson Financial Group LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 30.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,164 shares of the energy exploration company’s stock after buying an additional 275 shares during the quarter. Larson Financial Group LLC’s holdings in EOG Resources were worth $141,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EOG. McIlrath & Eck LLC raised its stake in 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 buying an additional 104 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after buying an additional 212 shares during the last quarter. Peoples Bank KS purchased a new position in EOG Resources during the third quarter valued at $31,000. Hall Laurie J Trustee purchased a new position in EOG Resources during the fourth quarter valued at $36,000. Finally, Keener Financial Planning LLC purchased a new position in EOG Resources during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EOG shares. Citigroup lifted their price objective on EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Piper Sandler boosted their price target on EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. KeyCorp boosted their price target on EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday. Morgan Stanley boosted their price target on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Finally, Raymond James decreased their price target on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.19.

EOG Resources Stock Performance

NYSE:EOG opened at $135.60 on Thursday. The stock has a 50-day simple moving average of $124.83 and a two-hundred day simple moving average of $122.36. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The firm has a market capitalization of $78.00 billion, a PE ratio of 10.42 and a beta of 1.40.

EOG Resources (NYSE:EOG) last released 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 company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the prior year, the firm posted $3.30 EPS. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. Analysts forecast that EOG Resources, Inc. will post 12.29 EPS for the current year.

EOG Resources Announces Dividend

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