Nicollet Investment Management Inc. Sells 858 Shares of EOG Resources, Inc. (NYSE:EOG)

Nicollet Investment Management Inc. cut its position in shares of EOG Resources, Inc. (NYSE:EOG) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,086 shares of the energy exploration company’s stock after selling 858 shares during the period. Nicollet Investment Management Inc.’s holdings in EOG Resources were worth $3,075,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Financial Life Planners bought a new position in EOG Resources during the 4th quarter worth about $25,000. Y.D. More Investments Ltd lifted its position in shares of EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources in the 4th quarter valued at about $25,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources in the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. bought a new position in shares of EOG Resources during the 4th quarter worth approximately $27,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $128.44 on Tuesday. EOG Resources, Inc. has a 1 year low of $115.78 and a 1 year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company’s fifty day moving average price is $128.06 and its 200 day moving average price is $127.85. The company has a market capitalization of $71.15 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.04%. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EOG. Barclays lowered their target price on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. Morgan Stanley reduced their target price on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. Mizuho reissued a “neutral” rating and issued a $140.00 price target (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Benchmark restated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Finally, Piper Sandler lowered their target price on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average target price of $144.67.

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.