EOG Resources, Inc. (NYSE:EOG) Shares Sold by Westover Capital Advisors LLC

Westover Capital Advisors LLC reduced its position in shares of EOG Resources, Inc. (NYSE:EOG) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,802 shares of the energy exploration company’s stock after selling 1,169 shares during the period. EOG Resources accounts for about 1.3% of Westover Capital Advisors LLC’s holdings, making the stock its 22nd biggest holding. Westover Capital Advisors LLC’s holdings in EOG Resources were worth $3,846,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EOG. McIlrath & Eck LLC lifted its holdings 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 acquiring an additional 104 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 212 shares during the last quarter. Peoples Bank KS acquired a new stake in EOG Resources during the third quarter worth approximately $31,000. Hall Laurie J Trustee purchased a new stake in EOG Resources in the fourth quarter valued at $36,000. Finally, Keener Financial Planning LLC purchased a new position in EOG Resources during the 4th quarter worth approximately $36,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $145.00 target price on shares of EOG Resources in a report on Tuesday, April 9th. TD Cowen increased their target price on EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a research report on Tuesday. Piper Sandler upped their price target on EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Raymond James cut their target price on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Finally, Bank of America cut EOG Resources from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $147.00 to $140.00 in a report on Friday, January 5th. Thirteen equities research 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $142.27.

EOG Resources Stock Performance

Shares of EOG traded up $1.93 during midday trading on Thursday, reaching $131.88. 2,841,041 shares of the stock were exchanged, compared to its average volume of 3,345,010. The stock’s 50 day simple moving average is $126.80 and its 200 day simple moving average is $122.53. 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 company has a market cap of $75.86 billion, a P/E ratio of 9.99 and a beta of 1.38.

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 net margin of 31.40% and a return on equity of 25.38%. The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period in the prior year, the firm earned $3.30 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, sell-side analysts expect that EOG Resources, Inc. will post 12.15 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th were given a dividend of $0.91 per share. The ex-dividend date was Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.76%. 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.