Legacy Capital Wealth Partners LLC Has $6.02 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Legacy Capital Wealth Partners LLC reduced its stake in EOG Resources, Inc. (NYSE:EOG) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,788 shares of the energy exploration company’s stock after selling 123 shares during the period. EOG Resources accounts for approximately 1.7% of Legacy Capital Wealth Partners LLC’s investment portfolio, making the stock its 12th biggest position. Legacy Capital Wealth Partners LLC’s holdings in EOG Resources were worth $6,022,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ballentine Partners LLC increased its holdings in shares of EOG Resources by 3.0% in the third quarter. Ballentine Partners LLC now owns 2,614 shares of the energy exploration company’s stock valued at $331,000 after purchasing an additional 75 shares during the last quarter. Covestor Ltd boosted its position in shares of EOG Resources by 7.2% in the third quarter. Covestor Ltd now owns 1,215 shares of the energy exploration company’s stock valued at $154,000 after acquiring an additional 82 shares during the period. ORG Partners LLC boosted its position in shares of EOG Resources by 1.0% in the third quarter. ORG Partners LLC now owns 8,822 shares of the energy exploration company’s stock valued at $1,118,000 after acquiring an additional 84 shares during the period. Sandy Spring Bank boosted its position in shares of EOG Resources by 1.0% in the third quarter. Sandy Spring Bank now owns 9,077 shares of the energy exploration company’s stock valued at $1,151,000 after acquiring an additional 86 shares during the period. Finally, Bison Wealth LLC boosted its position in shares of EOG Resources by 1.6% in the third quarter. Bison Wealth LLC now owns 5,384 shares of the energy exploration company’s stock valued at $682,000 after acquiring an additional 86 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Scotiabank cut shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the company from $135.00 to $155.00 in a research report on Thursday, April 11th. KeyCorp boosted their target price on shares of EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. boosted their target price on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. TD Securities reduced their target price on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. Finally, Stifel Nicolaus cut their price objective on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $142.19.

EOG Resources Trading Up 0.3 %

NYSE:EOG traded up $0.34 on Friday, reaching $135.70. 1,841,074 shares of the stock traded hands, compared to its average volume of 2,825,198. The firm has a market capitalization of $78.06 billion, a price-to-earnings ratio of 10.43 and a beta of 1.40. The company’s 50 day moving average is $125.70 and its 200-day moving average is $122.48. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1-year low of $106.32 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. EOG Resources’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.30 earnings per share. Equities research analysts anticipate that EOG Resources, Inc. will post 12.3 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is 27.98%.

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.