EOG Resources, Inc. (NYSE:EOG) Stock Position Reduced by Ardevora Asset Management LLP

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Ardevora Asset Management LLP lessened its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 40.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 45,379 shares of the energy exploration company's stock after selling 30,466 shares during the period. Ardevora Asset Management LLP's holdings in EOG Resources were worth $5,489,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. OLD National Bancorp IN grew its stake in shares of EOG Resources by 3.7% in the fourth quarter. OLD National Bancorp IN now owns 70,391 shares of the energy exploration company's stock worth $8,514,000 after acquiring an additional 2,535 shares in the last quarter. CWM LLC grew its stake in shares of EOG Resources by 15.4% in the fourth quarter. CWM LLC now owns 15,694 shares of the energy exploration company's stock worth $1,898,000 after acquiring an additional 2,090 shares in the last quarter. Criterion Capital Advisors LLC acquired a new position in shares of EOG Resources in the fourth quarter worth $1,333,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of EOG Resources in the fourth quarter worth $511,000. Finally, Signaturefd LLC grew its stake in shares of EOG Resources by 12.1% in the fourth quarter. Signaturefd LLC now owns 9,031 shares of the energy exploration company's stock worth $1,092,000 after acquiring an additional 976 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.


EOG Resources Stock Performance

Shares of NYSE:EOG traded up $0.73 on Monday, reaching $133.90. The company's stock had a trading volume of 2,576,198 shares, compared to its average volume of 3,411,009. The stock's 50-day moving average is $123.45 and its two-hundred day moving average is $122.06. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The stock has a market capitalization of $77.02 billion, a P/E ratio of 10.30 and a beta of 1.40.

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 analysts' consensus estimates of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The business had revenue of $6.36 billion during the quarter, compared to analysts' expectations of $6.18 billion. During the same period in the previous year, the company posted $3.30 earnings per share. EOG Resources's quarterly revenue was down 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 12.07 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a $0.91 dividend. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.72%. EOG Resources's payout ratio is 27.98%.

Wall Street Analysts Forecast Growth

EOG has been the subject of several research reports. Stifel Nicolaus dropped 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 note on Friday, March 22nd. KeyCorp boosted their price target on shares of EOG Resources from $147.00 to $157.00 and gave the stock an "overweight" rating in a research note on Monday. Citigroup boosted their target price on shares of EOG Resources from $120.00 to $124.00 and gave the stock a "neutral" rating in a research note on Monday, March 18th. Piper Sandler boosted their target price on shares of EOG Resources from $141.00 to $153.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $145.00 target price on shares of EOG Resources in a research note on Tuesday, April 9th. Thirteen research 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $142.33.

View Our Latest Report on EOG

EOG Resources Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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