Connecticut Wealth Management LLC Boosts Stake in EOG Resources, Inc. (NYSE:EOG)

Connecticut Wealth Management LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 161.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,904 shares of the energy exploration company's stock after purchasing an additional 6,728 shares during the period. Connecticut Wealth Management LLC's holdings in EOG Resources were worth $1,319,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Qube Research & Technologies Ltd increased its stake in shares of EOG Resources by 863.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company's stock worth $139,445,000 after purchasing an additional 985,884 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in EOG Resources by 8.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company's stock worth $1,462,966,000 after acquiring an additional 892,951 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in EOG Resources during the third quarter valued at about $71,596,000. Invesco Ltd. boosted its position in EOG Resources by 15.2% during the third quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company's stock worth $443,088,000 after purchasing an additional 460,872 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of EOG Resources by 38.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,474,807 shares of the energy exploration company's stock valued at $186,946,000 after purchasing an additional 408,833 shares during the period. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on EOG shares. JPMorgan Chase & Co. lifted their price objective on shares of EOG Resources from $134.00 to $141.00 and gave the company a "neutral" rating in a research note on Thursday, March 28th. Truist Financial decreased their price target on EOG Resources from $165.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, April 5th. Raymond James reduced their price objective on shares of EOG Resources from $148.00 to $145.00 and set a "strong-buy" rating for the company in a research note on Wednesday, January 24th. Royal Bank of Canada reissued a "sector perform" rating and issued a $145.00 price target on shares of EOG Resources in a report on Tuesday, April 9th. Finally, Susquehanna upped their price target on shares of EOG Resources from $147.00 to $155.00 and gave the stock a "positive" rating in a report on Monday, April 22nd. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of "Hold" and an average price target of $142.27.

EOG Resources Trading Down 1.4 %

Shares of EOG traded down $1.78 during trading hours on Friday, hitting $130.02. The company had a trading volume of 5,660,840 shares, compared to its average volume of 2,953,117. The firm has a market cap of $74.79 billion, a P/E ratio of 10.27 and a beta of 1.38. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67. The stock's 50 day moving average price is $127.48 and its 200 day moving average price is $122.39. 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 quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 25.11% and a net margin of 30.33%. The business's revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.69 earnings per share. On average, research analysts predict that EOG Resources, Inc. will post 12.14 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 2.80%. EOG Resources's payout ratio is presently 28.75%.

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.