Hartford Funds Management Co LLC Increases Position in EOG Resources, Inc. (NYSE:EOG)

Hartford Funds Management Co LLC boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,428 shares of the energy exploration company’s stock after purchasing an additional 301 shares during the quarter. Hartford Funds Management Co LLC’s holdings in EOG Resources were worth $778,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Savant Capital LLC grew its position in shares of EOG Resources by 20.6% in the fourth quarter. Savant Capital LLC now owns 5,032 shares of the energy exploration company’s stock valued at $609,000 after purchasing an additional 859 shares during the period. Jackson Creek Investment Advisors LLC acquired a new stake in EOG Resources in the 4th quarter worth about $380,000. Norden Group LLC boosted its holdings in EOG Resources by 29.1% in the 4th quarter. Norden Group LLC now owns 2,585 shares of the energy exploration company’s stock worth $313,000 after buying an additional 583 shares during the last quarter. Penobscot Investment Management Company Inc. increased its stake in EOG Resources by 7.0% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,340 shares of the energy exploration company’s stock worth $525,000 after buying an additional 285 shares in the last quarter. Finally, Field & Main Bank raised its holdings in shares of EOG Resources by 2.3% during the fourth quarter. Field & Main Bank now owns 6,080 shares of the energy exploration company’s stock valued at $735,000 after acquiring an additional 135 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Mizuho lifted their price target on EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Raymond James dropped their target price on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Citigroup raised their price target on shares of EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Piper Sandler upped their price objective on shares of EOG Resources from $141.00 to $153.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Finally, Morgan Stanley raised their target price on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Thirteen investment 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $142.27.

EOG Resources Trading Down 3.0 %

Shares of EOG traded down $4.12 during trading on Tuesday, reaching $132.13. 3,422,812 shares of the company traded hands, compared to its average volume of 3,353,283. The stock has a 50-day simple moving average of $126.53 and a 200-day simple moving average of $122.48. 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 twelve month low of $106.32 and a twelve month high of $139.67. The stock has a market cap of $76.00 billion, a PE ratio of 10.16 and a beta of 1.40.

EOG Resources (NYSE:EOG) last announced its earnings results 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 net margin of 31.40% and a return on equity of 25.38%. The firm had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the firm earned $3.30 EPS. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, analysts anticipate that EOG Resources, Inc. will post 12.3 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is 27.98%.

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.