Chase Investment Counsel Corp Grows Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Chase Investment Counsel Corp increased its stake in EOG Resources, Inc. (NYSE:EOG) by 1.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,614 shares of the energy exploration company’s stock after buying an additional 150 shares during the period. Chase Investment Counsel Corp’s holdings in EOG Resources were worth $1,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in EOG Resources by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock valued at $1,639,903,000 after purchasing an additional 145,691 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in EOG Resources by 8.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after acquiring an additional 892,951 shares during the last quarter. Morgan Stanley lifted its position in EOG Resources by 1.5% in the 3rd quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock valued at $987,432,000 after acquiring an additional 116,860 shares in the last quarter. Northern Trust Corp boosted its stake in EOG Resources by 3.1% during the 3rd quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company’s stock valued at $793,607,000 after purchasing an additional 185,882 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of EOG Resources by 15.2% in the 3rd quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock worth $443,088,000 after purchasing an additional 460,872 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EOG. Truist Financial lowered their price target on EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Stifel Nicolaus dropped their price target on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. KeyCorp boosted their price objective on shares of EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. TD Securities dropped their target price on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, February 23rd. Finally, Bank of America lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their target price for the company from $147.00 to $140.00 in a research note on Friday, January 5th. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $142.19.

EOG Resources Stock Performance

EOG Resources stock traded up $0.50 during midday trading on Monday, hitting $136.20. The stock had a trading volume of 804,080 shares, compared to its average volume of 3,325,869. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67. The company has a market capitalization of $78.34 billion, a PE ratio of 10.43 and a beta of 1.40. The firm’s fifty day moving average is $125.70 and its two-hundred day moving average is $122.44. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period last year, the company earned $3.30 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, research analysts forecast that EOG Resources, Inc. will post 12.3 EPS for the current year.

EOG Resources Dividend Announcement

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 issued a dividend of $0.91 per share. The ex-dividend date of this dividend 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%.

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.