EOG Resources, Inc. (NYSE:EOG) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 35.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 227 shares of the energy exploration company’s stock after selling 123 shares during the quarter. Cambridge Trust Co.’s holdings in EOG Resources were worth $27,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp lifted its stake in shares of EOG Resources by 2.8% during the first quarter. State Street Corp now owns 36,299,584 shares of the energy exploration company’s stock worth $4,161,014,000 after purchasing an additional 1,005,328 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of EOG Resources by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock worth $1,639,903,000 after purchasing an additional 145,691 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of EOG Resources by 2.3% during the first quarter. Geode Capital Management LLC now owns 11,814,421 shares of the energy exploration company’s stock worth $1,352,283,000 after purchasing an additional 262,445 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of EOG Resources by 8.4% in the third 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 in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of EOG Resources by 1.9% in the second quarter. Nuveen Asset Management LLC now owns 10,475,545 shares of the energy exploration company’s stock worth $1,198,821,000 after acquiring an additional 197,796 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on EOG. Piper Sandler boosted their price target on EOG Resources from $141.00 to $153.00 and gave the stock an “overweight” rating in a research note on Friday. Stifel Nicolaus cut their price target on EOG Resources from $163.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Barclays began coverage on EOG Resources in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price objective on the stock. Morgan Stanley upped their price objective on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their target price for the company from $135.00 to $155.00 in a report on Thursday, April 11th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $141.48.

EOG Resources Stock Up 1.1 %

Shares of EOG stock opened at $133.15 on Friday. EOG Resources, Inc. has a 1 year low of $106.32 and a 1 year high of $139.67. The stock has a market cap of $76.59 billion, a PE ratio of 10.23 and a beta of 1.40. The business’s fifty day moving average is $123.45 and its 200-day moving average is $122.05. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). The firm had revenue of $6.36 billion for 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 quarter last year, the business posted $3.30 earnings per share. Equities analysts expect that EOG Resources, Inc. will post 12.07 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio is presently 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.