Palouse Capital Management Inc. Sells 752 Shares of EOG Resources, Inc. (NYSE:EOG)

Palouse Capital Management Inc. cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,375 shares of the energy exploration company’s stock after selling 752 shares during the quarter. EOG Resources accounts for about 2.4% of Palouse Capital Management Inc.’s holdings, making the stock its 12th biggest holding. Palouse Capital Management Inc.’s holdings in EOG Resources were worth $3,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Greenleaf Trust lifted its position in EOG Resources by 3.9% during the fourth quarter. Greenleaf Trust now owns 10,548 shares of the energy exploration company’s stock valued at $1,276,000 after purchasing an additional 399 shares during the last quarter. Xponance Inc. lifted its position in EOG Resources by 21.5% during the fourth quarter. Xponance Inc. now owns 82,074 shares of the energy exploration company’s stock valued at $9,927,000 after purchasing an additional 14,523 shares during the last quarter. AIA Group Ltd lifted its position in EOG Resources by 128.0% during the fourth quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock valued at $1,234,000 after purchasing an additional 5,728 shares during the last quarter. Twin Capital Management Inc. lifted its holdings in shares of EOG Resources by 56.0% in the 4th quarter. Twin Capital Management Inc. now owns 11,227 shares of the energy exploration company’s stock worth $1,358,000 after acquiring an additional 4,031 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of EOG Resources by 15.4% in the 4th quarter. Federated Hermes Inc. now owns 11,324 shares of the energy exploration company’s stock worth $1,370,000 after acquiring an additional 1,512 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EOG shares. Bank of America lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $147.00 to $140.00 in a report on Friday, January 5th. Stifel Nicolaus lowered their price objective on shares of EOG Resources from $163.00 to $153.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Scotiabank lowered shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $135.00 to $155.00 in a report on Thursday, April 11th. Piper Sandler boosted their price objective on shares of EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a report on Friday. Finally, TD Securities lowered their price objective on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, February 23rd. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average price target of $141.48.

EOG Resources Trading Up 1.1 %

EOG Resources stock traded up $1.39 during mid-day trading on Friday, reaching $133.15. 2,488,769 shares of the company traded hands, compared to its average volume of 3,421,970. 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 firm’s 50 day moving average price is $123.45 and its 200 day moving average price is $122.05. The firm has a market capitalization of $76.59 billion, a price-to-earnings ratio of 10.23 and a beta of 1.40. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last issued 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 company 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%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.30 earnings per share. On average, analysts anticipate that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is currently 27.98%.

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.