L. Roy Papp & Associates LLP Purchases 26,026 Shares of EOG Resources, Inc. (NYSE:EOG)

L. Roy Papp & Associates LLP increased its position in EOG Resources, Inc. (NYSE:EOG) by 18.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 168,354 shares of the energy exploration company’s stock after buying an additional 26,026 shares during the quarter. EOG Resources accounts for 2.5% of L. Roy Papp & Associates LLP’s portfolio, making the stock its 12th largest position. L. Roy Papp & Associates LLP’s holdings in EOG Resources were worth $20,362,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EOG. Fortis Capital Advisors LLC bought a new stake in EOG Resources in the fourth quarter valued at approximately $28,000. Lumature Wealth Partners LLC bought a new stake in EOG Resources in the first quarter valued at approximately $28,000. McIlrath & Eck LLC lifted its position in EOG Resources by 77.6% in the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 104 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares during the last quarter. Finally, Peoples Bank KS bought a new stake in EOG Resources in the third quarter valued at approximately $31,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of EOG Resources stock traded up $1.45 during mid-day trading on Friday, reaching $127.84. 3,310,524 shares of the stock traded hands, compared to its average volume of 4,029,378. The business has a 50-day moving average of $116.68 and a 200 day moving average of $121.49. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $136.79. The stock has a market capitalization of $74.15 billion, a PE ratio of 9.83 and a beta of 1.39. 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 (NYSE:EOG) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period in the previous year, the company earned $3.30 EPS. EOG Resources’s revenue was down 5.4% compared to the same quarter last year. On average, analysts predict that EOG Resources, Inc. will post 11.43 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. Investors of record on Tuesday, April 16th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 annualized dividend and a dividend yield of 2.85%. EOG Resources’s dividend payout ratio is presently 27.98%.

Wall Street Analysts Forecast Growth

EOG has been the subject of several recent research reports. UBS Group lowered their price objective on EOG Resources from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, December 14th. TD Securities reduced 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. Bank of America cut EOG Resources from a “buy” rating to a “neutral” rating and reduced their target price for the company from $147.00 to $140.00 in a research note on Friday, January 5th. KeyCorp reduced their target price on EOG Resources from $157.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, January 11th. Finally, Mizuho reduced their target price on EOG Resources from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Wednesday, January 3rd. Eleven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $140.20.

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.