TCG Advisory Services LLC Has $4.34 Million Position in EOG Resources, Inc. (NYSE:EOG)

TCG Advisory Services LLC grew its stake in EOG Resources, Inc. (NYSE:EOG) by 18.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,848 shares of the energy exploration company’s stock after purchasing an additional 5,479 shares during the period. TCG Advisory Services LLC’s holdings in EOG Resources were worth $4,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in EOG. Covestor Ltd boosted its holdings in shares of EOG Resources by 7.2% in the 3rd quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock worth $154,000 after buying an additional 82 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of EOG Resources by 1.0% in the 3rd quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock worth $1,118,000 after buying an additional 84 shares during the last quarter. Sandy Spring Bank boosted its holdings in shares of EOG Resources by 1.0% in the 3rd quarter. Sandy Spring Bank now owns 9,077 shares of the energy exploration company’s stock worth $1,151,000 after buying an additional 86 shares during the last quarter. Bison Wealth LLC boosted its holdings in shares of EOG Resources by 1.6% in the 3rd quarter. Bison Wealth LLC now owns 5,384 shares of the energy exploration company’s stock worth $682,000 after buying an additional 86 shares during the last quarter. Finally, Fragasso Group Inc. boosted its holdings in shares of EOG Resources by 2.2% in the 4th quarter. Fragasso Group Inc. now owns 3,912 shares of the energy exploration company’s stock worth $473,000 after buying an additional 86 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

Shares of EOG stock traded down $1.78 during trading on Friday, hitting $130.02. The company had a trading volume of 5,660,840 shares, compared to its average volume of 2,953,117. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average is $127.48 and its two-hundred day moving average is $122.57. The stock has a market capitalization of $74.79 billion, a price-to-earnings ratio of 10.27 and a beta of 1.38. EOG Resources, Inc. has a 52 week low of $106.32 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 25.11%. EOG Resources’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.69 earnings per share. As a group, analysts predict that EOG Resources, Inc. will post 12.14 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is currently 28.75%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EOG shares. Scotiabank downgraded shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the stock from $135.00 to $155.00 in a report on Thursday, April 11th. Stifel Nicolaus dropped their price objective 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 upped 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. Truist Financial dropped their price objective on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, Mizuho upped their price objective on shares of EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a report on Monday, April 15th. Thirteen equities 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, EOG Resources presently has a consensus rating of “Hold” and an average price target of $142.27.

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.