Bourgeon Capital Management LLC Trims Holdings in EOG Resources, Inc. (NYSE:EOG)

Bourgeon Capital Management LLC lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 61.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,300 shares of the energy exploration company's stock after selling 10,000 shares during the period. Bourgeon Capital Management LLC's holdings in EOG Resources were worth $762,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EOG. Envestnet Portfolio Solutions Inc. bought a new position in EOG Resources in the 3rd quarter worth about $4,431,000. Paradigm Financial Partners LLC lifted its stake in EOG Resources by 0.9% during the third quarter. Paradigm Financial Partners LLC now owns 30,004 shares of the energy exploration company's stock valued at $3,728,000 after purchasing an additional 271 shares during the last quarter. TIAA Trust National Association lifted its stake in EOG Resources by 639.3% during the fourth quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company's stock valued at $6,971,000 after purchasing an additional 49,840 shares during the last quarter. L. Roy Papp & Associates LLP lifted its stake in EOG Resources by 18.3% during the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company's stock valued at $20,362,000 after purchasing an additional 26,026 shares during the last quarter. Finally, NewEdge Wealth LLC lifted its stake in EOG Resources by 9.3% during the fourth quarter. NewEdge Wealth LLC now owns 115,960 shares of the energy exploration company's stock valued at $14,025,000 after purchasing an additional 9,837 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on EOG. Piper Sandler reduced their price target on shares of EOG Resources from $153.00 to $141.00 and set an "overweight" rating for the company in a research report on Thursday, March 7th. Morgan Stanley upped their price target on shares of EOG Resources from $132.00 to $133.00 and gave the company an "equal weight" rating in a research report on Monday. Citigroup upped their price target on shares of EOG Resources from $120.00 to $124.00 and gave the company a "neutral" rating in a research report on Monday, March 18th. Stifel Nicolaus reduced their price target on shares of EOG Resources from $163.00 to $153.00 and set a "buy" rating for the company in a research report on Friday, March 22nd. Finally, Mizuho upped their price target on shares of EOG Resources from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Monday. 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 stock. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of "Hold" and an average price target of $140.90.

EOG Resources Price Performance

EOG stock traded down $1.98 during trading on Monday, hitting $132.39. 2,976,036 shares of the stock traded hands, compared to its average volume of 3,464,123. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. The stock has a market cap of $76.15 billion, a price-to-earnings ratio of 10.25 and a beta of 1.40. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67. The company has a 50 day simple moving average of $121.36 and a 200 day simple moving average of $121.78.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly 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 return on equity of 25.38% and a net margin of 31.40%. The business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the prior year, the firm earned $3.30 EPS. The firm's quarterly revenue was down 5.4% compared to the same quarter last year. Equities analysts expect that EOG Resources, Inc. will post 11.95 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.75%. EOG Resources's dividend payout ratio is 27.98%.

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.