Scotia Capital Inc. Has $2.42 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Scotia Capital Inc. increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,736 shares of the energy exploration company’s stock after acquiring an additional 835 shares during the quarter. Scotia Capital Inc.’s holdings in EOG Resources were worth $2,419,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EOG. Financial Life Planners acquired a new position in EOG Resources during the 4th quarter valued at about $25,000. Y.D. More Investments Ltd lifted its holdings in EOG Resources by 149.4% in 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 period. Mainstream Capital Management LLC bought a new position in EOG Resources in the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources during the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of EOG Resources in the 4th quarter valued at $27,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE EOG opened at $108.62 on Friday. The firm’s 50 day moving average is $124.28 and its 200-day moving average is $126.97. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $59.91 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $139.67.

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

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 annualized dividend and a yield of 3.59%. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Wall Street Analyst Weigh In

A number of research firms recently commented on EOG. Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Morgan Stanley lowered their price target on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Raymond James lifted their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. Truist Financial upped their target price on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, Wells Fargo & Company reduced their price target on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and an average price target of $144.19.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.30% of the company’s stock.

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.