EOG Resources, Inc. (NYSE:EOG) Shares Sold by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,907 shares of the energy exploration company’s stock after selling 204 shares during the period. ARS Wealth Advisors Group LLC’s holdings in EOG Resources were worth $352,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. McIlrath & Eck LLC boosted its stake in EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after buying an additional 104 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 212 shares during the last quarter. Peoples Bank KS acquired a new position in shares of EOG Resources during the third quarter worth $31,000. Hall Laurie J Trustee purchased a new position in shares of EOG Resources in the 4th quarter valued at about $36,000. Finally, Keener Financial Planning LLC acquired a new stake in EOG Resources during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EOG shares. 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. Raymond James lowered 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 report on Wednesday, January 24th. TD Cowen increased their price target on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a report on Tuesday. Piper Sandler boosted their target price on EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, TD Securities reduced their price target on EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, February 23rd. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $142.27.

EOG Resources Price Performance

Shares of EOG traded down $1.78 during trading hours on Friday, reaching $130.02. 5,660,840 shares of the company traded hands, compared to its average volume of 2,953,117. The stock has a market capitalization of $74.79 billion, a PE ratio of 10.27 and a beta of 1.38. The stock has a fifty day simple moving average of $127.48 and a 200 day simple moving average of $122.57. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. 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 (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) 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%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $2.69 EPS. As a group, research analysts predict that EOG Resources, Inc. will post 12.14 EPS for the current fiscal year.

EOG Resources Announces Dividend

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

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.