Demars Financial Group LLC Sells 19,361 Shares of EOG Resources, Inc. (NYSE:EOG)

Demars Financial Group LLC cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 78.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,214 shares of the energy exploration company’s stock after selling 19,361 shares during the period. Demars Financial Group LLC’s holdings in EOG Resources were worth $631,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. McIlrath & Eck LLC boosted 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 worth $30,000 after purchasing an additional 104 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in EOG Resources by 530.0% during the fourth 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 period. Peoples Bank KS bought a new stake in EOG Resources during the third quarter valued at about $31,000. Hall Laurie J Trustee bought a new stake in EOG Resources during the fourth quarter valued at about $36,000. Finally, Keener Financial Planning LLC bought a new stake in EOG Resources during the fourth quarter valued at about $36,000. 89.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on EOG. 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 research report on Monday, April 15th. Susquehanna increased their price target on shares of EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research report on Monday. KeyCorp increased their price target on shares of EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday. Piper Sandler increased their price target on shares of EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources currently has an average rating of “Moderate Buy” and an average price target of $142.19.

EOG Resources Price Performance

EOG opened at $135.50 on Wednesday. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67. The stock has a market capitalization of $77.94 billion, a P/E ratio of 10.36 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The company’s 50 day simple moving average is $124.34 and its 200-day simple moving average is $122.26.

EOG Resources (NYSE:EOG) last released 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 return on equity of 25.38% and a net margin of 31.40%. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period in the prior year, the firm posted $3.30 EPS. EOG Resources’s revenue was down 5.4% on a year-over-year basis. Sell-side analysts anticipate that EOG Resources, Inc. will post 12.15 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is 27.98%.

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.