Yousif Capital Management LLC Sells 12,967 Shares of EOG Resources, Inc. (NYSE:EOG)

Yousif Capital Management LLC trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 13.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,395 shares of the energy exploration company's stock after selling 12,967 shares during the period. Yousif Capital Management LLC's holdings in EOG Resources were worth $9,724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. bought a new position in EOG Resources during the third quarter valued at $4,431,000. TIAA Trust National Association lifted its holdings in shares of EOG Resources by 639.3% in the 4th quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company's stock valued at $6,971,000 after acquiring an additional 49,840 shares during the last quarter. AIA Group Ltd lifted its holdings in shares of EOG Resources by 128.0% in the 4th quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company's stock valued at $1,234,000 after acquiring an additional 5,728 shares during the last quarter. L. Roy Papp & Associates LLP grew its position in EOG Resources by 18.3% in the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company's stock worth $20,362,000 after acquiring an additional 26,026 shares in the last quarter. Finally, NewEdge Wealth LLC increased 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 worth $14,025,000 after acquiring an additional 9,837 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EOG shares. Royal Bank of Canada reissued a "sector perform" rating and set a $145.00 target price on shares of EOG Resources in a research report on Tuesday, April 9th. Piper Sandler increased their target price on shares of EOG Resources from $141.00 to $153.00 and gave the company an "overweight" rating in a research note on Friday, April 19th. Susquehanna raised their target price on shares of EOG Resources from $147.00 to $155.00 and gave the stock a "positive" rating in a report on Monday. Stifel Nicolaus cut their price target on shares of EOG Resources from $153.00 to $150.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Citigroup increased their price objective on shares of EOG Resources from $120.00 to $124.00 and gave the stock a "neutral" rating in a research report on Monday, March 18th. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $142.19.

EOG Resources Trading Up 0.6 %

NYSE EOG traded up $0.80 during trading on Wednesday, hitting $135.60. The stock had a trading volume of 1,967,808 shares, compared to its average volume of 3,375,586. The firm has a 50 day moving average price of $124.83 and a 200 day moving average price of $122.36. The company has a market capitalization of $78.00 billion, a PE ratio of 10.42 and a beta of 1.40. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $139.67. The company has a quick ratio of 2.13, a current ratio of 2.44 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.14 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the company earned $3.30 earnings per share. As a group, equities research analysts forecast that EOG Resources, Inc. will post 12.15 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a $0.91 dividend. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.68%. EOG Resources's payout ratio is currently 27.98%.

About EOG Resources

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.