NewEdge Wealth LLC Buys 9,837 Shares of EOG Resources, Inc. (NYSE:EOG)

NewEdge Wealth LLC increased its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,960 shares of the energy exploration company's stock after purchasing an additional 9,837 shares during the period. NewEdge Wealth LLC's holdings in EOG Resources were worth $14,025,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Vaughan David Investments LLC IL increased its position in shares of EOG Resources by 1.0% in the fourth quarter. Vaughan David Investments LLC IL now owns 290,981 shares of the energy exploration company's stock worth $35,194,000 after purchasing an additional 2,897 shares during the period. RPG Investment Advisory LLC grew its position in EOG Resources by 2.4% in the fourth quarter. RPG Investment Advisory LLC now owns 55,715 shares of the energy exploration company's stock valued at $6,739,000 after acquiring an additional 1,319 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in EOG Resources in the fourth quarter valued at about $40,000. Graham Capital Wealth Management LLC grew its position in EOG Resources by 35.1% in the fourth quarter. Graham Capital Wealth Management LLC now owns 15,658 shares of the energy exploration company's stock valued at $1,894,000 after acquiring an additional 4,071 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its position in EOG Resources by 55.1% in the fourth quarter. Perigon Wealth Management LLC now owns 2,819 shares of the energy exploration company's stock valued at $341,000 after acquiring an additional 1,002 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays assumed coverage on EOG Resources in a research report on Wednesday. They issued an "equal weight" rating and a $144.00 target price on the stock. Citigroup lifted their target price on EOG Resources from $120.00 to $124.00 and gave the company a "neutral" rating in a research report on Monday, March 18th. Bank of America lowered EOG Resources from a "buy" rating to a "neutral" rating and cut their price target for the company from $147.00 to $140.00 in a research note on Friday, January 5th. Wells Fargo & Company lowered EOG Resources from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $150.00 to $130.00 in a research note on Thursday, December 14th. Finally, Susquehanna cut their price target on EOG Resources from $164.00 to $147.00 and set a "positive" rating on the stock in a research note on Friday, January 26th. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $140.76.

EOG Resources Trading Down 1.4 %

EOG stock traded down $1.94 during trading on Friday, hitting $135.33. The company had a trading volume of 2,656,068 shares, compared to its average volume of 3,470,993. The business has a 50-day moving average of $120.87 and a 200-day moving average of $121.80. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67. The stock has a market cap of $77.84 billion, a PE ratio of 10.51 and a beta of 1.40. 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 (NYSE:EOG - Get Free Report) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the previous year, the company earned $3.30 earnings per share. The business's revenue was down 5.4% on a year-over-year basis. Research analysts predict that EOG Resources, Inc. will post 11.95 earnings per share 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 2.69%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources's payout ratio is 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.

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