Townsquare Capital LLC Grows Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Townsquare Capital LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 13.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,374 shares of the energy exploration company’s stock after purchasing an additional 2,563 shares during the quarter. Townsquare Capital LLC’s holdings in EOG Resources were worth $2,620,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. World Investment Advisors LLC bought a new position in shares of EOG Resources in the 3rd quarter worth approximately $730,000. Mountain Lake Investment Management LLC bought a new position in EOG Resources in the fourth quarter worth approximately $735,000. Oak Ridge Investments LLC boosted its stake in shares of EOG Resources by 5.9% during the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after acquiring an additional 2,311 shares during the last quarter. Tobam bought a new stake in shares of EOG Resources during the 4th quarter valued at $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of EOG Resources by 161.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock worth $550,000 after purchasing an additional 2,773 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the topic of a number of analyst reports. Citigroup lowered their price objective on EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Piper Sandler lowered their price target on shares of EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Bank of America reissued a “neutral” rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Barclays dropped their price objective on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a report on Tuesday, March 18th. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and an average price target of $144.19.

Insider Activity 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 stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by insiders.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $107.47 on Wednesday. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The firm has a market capitalization of $59.28 billion, a P/E ratio of 8.65, a P/E/G ratio of 3.58 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company’s fifty day moving average price is $123.50 and its 200 day moving average price is $126.78.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. As a group, sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.63%. EOG Resources’s dividend payout ratio is currently 34.73%.

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.