Nan Shan Life Insurance Co. Ltd. reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 11.9% during the 4th quarter, Holdings Channel reports. The fund owned 302,450 shares of the energy exploration company’s stock after selling 41,000 shares during the period. Nan Shan Life Insurance Co. Ltd.’s holdings in EOG Resources were worth $15,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC acquired a new position in EOG Resources during the fourth quarter valued at $25,000. Baron Financial Group LLC purchased a new position in shares of EOG Resources during the 3rd quarter valued at about $26,000. Winslow Evans & Crocker Inc. lifted its holdings in shares of EOG Resources by 1,136.4% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 544 shares of the energy exploration company’s stock valued at $27,000 after buying an additional 500 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of EOG Resources by 628.0% in the third quarter. Exchange Traded Concepts LLC now owns 859 shares of the energy exploration company’s stock worth $31,000 after buying an additional 741 shares during the last quarter. Finally, Altshuler Shaham Ltd acquired a new stake in EOG Resources during the third quarter worth about $36,000. Hedge funds and other institutional investors own 87.69% of the company’s stock.
NYSE EOG traded up $1.20 during trading hours on Tuesday, hitting $67.30. 87,469 shares of the company’s stock traded hands, compared to its average volume of 4,836,702. The company has a market capitalization of $39.26 billion, a PE ratio of -127.11 and a beta of 2.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.69 and a quick ratio of 1.47. EOG Resources, Inc. has a 52-week low of $27.00 and a 52-week high of $71.33. The firm’s 50-day moving average is $57.76 and its 200-day moving average is $47.14.
The business also recently announced a quarterly dividend, which was paid on Friday, January 29th. Stockholders of record on Friday, January 15th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Thursday, January 14th. EOG Resources’s dividend payout ratio is currently 30.12%.
Several equities research analysts have commented on the company. TD Securities upped their price objective on EOG Resources from $64.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, January 7th. KeyCorp boosted their target price on shares of EOG Resources from $65.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, January 21st. Truist increased their target price on shares of EOG Resources from $50.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, December 29th. Piper Sandler lifted their price target on EOG Resources from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, January 22nd. Finally, The Goldman Sachs Group downgraded EOG Resources from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, December 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company. EOG Resources presently has a consensus rating of “Buy” and an average target price of $63.29.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. The company's principal producing areas are located in New Mexico, North Dakota, Texas, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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