Gallacher Capital Management LLC Sells 1,141 Shares of EOG Resources, Inc. (NYSE:EOG)

Gallacher Capital Management LLC trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 21.3% in the fourth quarter, HoldingsChannel reports. The firm owned 4,221 shares of the energy exploration company’s stock after selling 1,141 shares during the period. Gallacher Capital Management LLC’s holdings in EOG Resources were worth $511,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. McIlrath & Eck LLC lifted its position in EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after buying an additional 104 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares in the last quarter. Peoples Bank KS acquired a new stake in shares of EOG Resources in the third quarter valued at approximately $31,000. Hall Laurie J Trustee bought a new position in EOG Resources in the 4th quarter worth approximately $36,000. Finally, Keener Financial Planning LLC acquired a new position in EOG Resources during the 4th quarter worth $36,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 1.4 %

EOG traded down $1.78 on Friday, hitting $130.02. 5,660,840 shares of the company were exchanged, compared to its average volume of 2,953,117. EOG Resources, Inc. has a 12 month low of $106.32 and a 12 month high of $139.67. The company has a market cap of $74.79 billion, a PE ratio of 10.27 and a beta of 1.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The stock’s fifty day moving average is $127.48 and its 200-day moving average is $122.39.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a return on equity of 25.11% and a net margin of 30.33%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.69 earnings per share. Equities research analysts predict that EOG Resources, Inc. will post 12.14 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed 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 dividend payout ratio is 28.75%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EOG shares. KeyCorp boosted their target price on EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Citigroup boosted their price objective on EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, March 18th. JPMorgan Chase & Co. lifted their price target on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research report on Thursday, March 28th. Mizuho increased their price objective on shares of EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, Barclays initiated coverage on shares of EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 target price for the company. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $142.27.

EOG Resources Company 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.