ZWJ Investment Counsel Inc. Has $216,000 Holdings in EOG Resources, Inc. (NYSE:EOG)

ZWJ Investment Counsel Inc. lifted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,783 shares of the energy exploration company’s stock after purchasing an additional 138 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in EOG Resources were worth $216,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Fortis Capital Advisors LLC acquired a new position in EOG Resources during the fourth quarter worth $28,000. Lumature Wealth Partners LLC acquired a new stake in shares of EOG Resources in the 1st quarter worth about $28,000. McIlrath & Eck LLC lifted its position in EOG Resources by 77.6% in the 3rd 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 in the last quarter. Exchange Traded Concepts LLC boosted its stake in EOG Resources by 530.0% during the 4th 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 during the 3rd quarter worth approximately $31,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Stock Performance

Shares of EOG stock traded up $1.41 on Friday, hitting $133.17. 2,489,274 shares of the stock were exchanged, compared to its average volume of 2,941,661. The firm’s 50 day moving average is $123.45 and its two-hundred day moving average is $122.05. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67. The firm has a market capitalization of $76.60 billion, a PE ratio of 10.23 and a beta of 1.40. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). The business had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. EOG Resources’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $3.30 earnings per share. Sell-side analysts expect that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed 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. This represents a $3.64 annualized dividend and a yield of 2.73%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

Analysts Set New Price Targets

EOG has been the topic of a number of recent research reports. Barclays began coverage on EOG Resources in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 target price on the stock. Citigroup upped their target price 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. TD Securities dropped their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd. Stifel Nicolaus cut their price target on shares of EOG Resources from $163.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, Bank of America lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $147.00 to $140.00 in a research note on Friday, January 5th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average target price of $141.48.

EOG Resources Company 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.