Dupree Financial Group LLC Makes New $4.84 Million Investment in EOG Resources, Inc. (NYSE:EOG)

Dupree Financial Group LLC bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 40,044 shares of the energy exploration company's stock, valued at approximately $4,843,000. EOG Resources comprises 2.4% of Dupree Financial Group LLC's investment portfolio, making the stock its 20th largest position.

Several other large investors have also recently made changes to their positions in the business. Fortis Capital Advisors LLC purchased a new position in EOG Resources in the 4th quarter worth approximately $28,000. Lumature Wealth Partners LLC purchased a new position in EOG Resources in the 1st quarter worth approximately $28,000. McIlrath & Eck LLC raised its holdings in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company's stock worth $30,000 after acquiring an additional 104 shares during the last quarter. Exchange Traded Concepts LLC grew its position in EOG Resources by 530.0% in the 4th 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 during the period. Finally, Peoples Bank KS bought a new stake in EOG Resources in the 3rd quarter worth approximately $31,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EOG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price 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. Truist Financial cut their target price on shares of EOG Resources from $165.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, April 5th. Raymond James cut their target price on shares of EOG Resources from $148.00 to $145.00 and set a "strong-buy" rating for the company in a research report on Wednesday, January 24th. KeyCorp cut their target price on shares of EOG Resources from $157.00 to $147.00 and set an "overweight" rating for the company in a research report on Thursday, January 11th. Finally, Susquehanna cut their price objective on shares of EOG Resources from $164.00 to $147.00 and set a "positive" rating for the company in a research report on Friday, January 26th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $141.48.

EOG Resources Price Performance

Shares of EOG traded up $1.41 during trading hours on Friday, reaching $133.17. 2,489,274 shares of the stock traded hands, compared to its average volume of 2,941,661. 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 52-week low of $106.32 and a 52-week high of $139.67. The company's 50-day moving average price is $123.45 and its two-hundred day moving average price is $122.06. The company has a market cap of $76.60 billion, a P/E ratio of 10.24 and a beta of 1.40.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates of $3.14 by ($0.07). The firm 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 quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.30 EPS. On average, analysts anticipate that EOG Resources, Inc. will post 12.07 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.73%. The ex-dividend date 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.