Kingswood Wealth Advisors LLC Makes New Investment in EOG Resources, Inc. (NYSE:EOG)

Kingswood Wealth Advisors LLC bought a new position in EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,228 shares of the energy exploration company’s stock, valued at approximately $511,000.

Other large investors have also recently bought and sold shares of the company. Fortis Capital Advisors LLC bought a new position in EOG Resources in the fourth quarter worth about $28,000. Lumature Wealth Partners LLC bought a new position in EOG Resources in the first quarter worth about $28,000. McIlrath & Eck LLC lifted its holdings in EOG Resources by 77.6% in the third 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 lifted its holdings in EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 212 shares during the last quarter. Finally, Peoples Bank KS acquired a new stake in shares of EOG Resources in the third quarter valued at approximately $31,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.5 %

Shares of NYSE:EOG opened at $126.41 on Thursday. The stock has a market capitalization of $73.32 billion, a price-to-earnings ratio of 9.72 and a beta of 1.39. EOG Resources, Inc. has a 1-year low of $106.32 and a 1-year high of $136.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The company has a 50 day moving average price of $116.01 and a 200 day moving average price of $121.41.

EOG Resources (NYSE:EOG) last issued 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). 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 the consensus estimate of $6.18 billion. During the same quarter in the previous year, the business posted $3.30 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. On average, research analysts anticipate that EOG Resources, Inc. will post 11.43 EPS for the current fiscal 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 paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio is 27.98%.

Wall Street Analyst Weigh In

Several brokerages have commented on EOG. Wells Fargo & Company lowered shares of EOG Resources from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $150.00 to $130.00 in a research note on Thursday, December 14th. Truist Financial dropped their price target on shares of EOG Resources from $172.00 to $165.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. TD Securities dropped their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. UBS Group dropped their price target on shares of EOG Resources from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, December 14th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a research note on Monday, March 4th. Eleven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.75.

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.