Trust Point Inc. Takes $719,000 Position in EOG Resources, Inc. (NYSE:EOG)

Trust Point Inc. purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,942 shares of the energy exploration company’s stock, valued at approximately $719,000.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. purchased a new stake in EOG Resources during the 3rd quarter worth about $4,431,000. Paradigm Financial Partners LLC raised its holdings in shares of EOG Resources by 0.9% in the 3rd quarter. Paradigm Financial Partners LLC now owns 30,004 shares of the energy exploration company’s stock valued at $3,728,000 after acquiring an additional 271 shares in the last quarter. TIAA Trust National Association raised its holdings in shares of EOG Resources by 639.3% in the 4th quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock valued at $6,971,000 after acquiring an additional 49,840 shares in the last quarter. L. Roy Papp & Associates LLP raised its holdings in shares of EOG Resources by 18.3% in the 4th quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock valued at $20,362,000 after acquiring an additional 26,026 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of EOG Resources by 12.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,065,042 shares of the energy exploration company’s stock valued at $370,717,000 after acquiring an additional 340,902 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $134.00 on Friday. The firm’s 50-day moving average price is $118.67 and its 200-day moving average price is $121.44. 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 company has a market cap of $77.08 billion, a PE ratio of 10.30 and a beta of 1.40. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $136.79.

EOG Resources (NYSE:EOG) last posted 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). The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.30 EPS. As a group, analysts anticipate that EOG Resources, Inc. will post 11.45 EPS for the current year.

EOG Resources Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Monday, April 15th. EOG Resources’s payout ratio is 27.98%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EOG shares. Truist Financial lowered their price target on EOG Resources from $172.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, February 26th. UBS Group reduced their price objective on EOG Resources from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, December 14th. Morgan Stanley increased their price objective on EOG Resources from $131.00 to $132.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. Mizuho reduced their price target on EOG Resources from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. Finally, Bank of America lowered EOG Resources from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $147.00 to $140.00 in a research report on Friday, January 5th. Eleven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.20.

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.