Meritage Portfolio Management Sells 110 Shares of EOG Resources, Inc. (NYSE:EOG)

Meritage Portfolio Management lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 48,850 shares of the energy exploration company’s stock after selling 110 shares during the period. Meritage Portfolio Management’s holdings in EOG Resources were worth $5,908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Arkadios Wealth Advisors bought a new position in EOG Resources in the third quarter worth about $212,000. Royal Fund Management LLC boosted its position in shares of EOG Resources by 59.7% in the 3rd quarter. Royal Fund Management LLC now owns 7,224 shares of the energy exploration company’s stock worth $916,000 after purchasing an additional 2,700 shares in the last quarter. Private Trust Co. NA grew its stake in EOG Resources by 36.8% during the 3rd quarter. Private Trust Co. NA now owns 2,768 shares of the energy exploration company’s stock worth $351,000 after buying an additional 745 shares during the last quarter. Richelieu Gestion SA acquired a new stake in EOG Resources in the third quarter worth about $127,000. Finally, Marion Wealth Management grew its stake in shares of EOG Resources by 1.3% during the third quarter. Marion Wealth Management now owns 10,460 shares of the energy exploration company’s stock worth $1,326,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 0.5 %

EOG Resources stock traded up $0.72 during trading on Friday, reaching $136.08. The stock had a trading volume of 1,004,312 shares, compared to its average volume of 3,346,622. The stock has a market cap of $78.28 billion, a PE ratio of 10.41 and a beta of 1.40. The business has a 50 day moving average price of $125.26 and a 200 day moving average price of $122.45. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last released 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 analyst estimates of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.30 EPS. On average, analysts predict that EOG Resources, Inc. will post 12.29 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.67%. EOG Resources’s dividend payout ratio is presently 27.98%.

Analyst Ratings Changes

A number of analysts have commented on EOG shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research report on Tuesday, April 9th. Barclays initiated coverage on shares of EOG Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 price target on the stock. KeyCorp lifted their target price on shares of EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a report on Monday. Piper Sandler raised their price target on shares of EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, Bank of America lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $147.00 to $140.00 in a research note on Friday, January 5th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and an average price target of $142.19.

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.