D.A. Davidson & CO. Sells 18,166 Shares of EOG Resources, Inc. $EOG

D.A. Davidson & CO. lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 7.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 219,022 shares of the energy exploration company’s stock after selling 18,166 shares during the quarter. D.A. Davidson & CO.’s holdings in EOG Resources were worth $24,557,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its position in EOG Resources by 10,950.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock worth $26,000 after buying an additional 219 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of EOG Resources in the 2nd quarter worth approximately $29,000. ORG Partners LLC lifted its holdings in shares of EOG Resources by 45.1% in the 2nd quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after acquiring an additional 88 shares during the last quarter. Keener Financial Planning LLC bought a new position in shares of EOG Resources during the 2nd quarter valued at $35,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in EOG Resources in the 2nd quarter worth $35,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Up 2.2%

Shares of NYSE:EOG opened at $107.33 on Monday. The stock’s 50-day moving average is $106.76 and its 200 day moving average is $113.74. The company has a market cap of $58.24 billion, a PE ratio of 10.69, a P/E/G ratio of 8.41 and a beta of 0.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the company earned $2.89 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 annualized dividend and a yield of 3.8%. EOG Resources’s payout ratio is 40.64%.

Analyst Ratings Changes

Several research firms have issued reports on EOG. Wolfe Research cut their price target on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Scotiabank restated a “sector perform” rating and set a $130.00 target price on shares of EOG Resources in a report on Friday, September 26th. The Goldman Sachs Group reduced their price target on EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 15th. JPMorgan Chase & Co. lowered their price objective on EOG Resources from $131.00 to $121.00 and set a “neutral” rating for the company in a research report on Monday, December 8th. Finally, Wells Fargo & Company dropped their price objective on EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average target price of $138.93.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.