EOG Resources, Inc. (NYSE:EOG) Stake Increased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. increased its stake in EOG Resources, Inc. (NYSE:EOG) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,896 shares of the energy exploration company’s stock after buying an additional 235 shares during the period. Coldstream Capital Management Inc.’s holdings in EOG Resources were worth $845,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EOG. Westside Investment Management Inc. increased its stake in shares of EOG Resources by 15.7% in the third quarter. Westside Investment Management Inc. now owns 1,840 shares of the energy exploration company’s stock worth $226,000 after buying an additional 250 shares during the last quarter. Chelsea Counsel Co. increased its stake in EOG Resources by 2.0% during the third quarter. Chelsea Counsel Co. now owns 5,215 shares of the energy exploration company’s stock valued at $641,000 after purchasing an additional 100 shares during the last quarter. World Investment Advisors LLC bought a new stake in EOG Resources during the third quarter valued at $730,000. Wilmington Savings Fund Society FSB increased its stake in EOG Resources by 26.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 71,766 shares of the energy exploration company’s stock valued at $8,822,000 after purchasing an additional 15,186 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in EOG Resources by 4.7% during the third quarter. Tidal Investments LLC now owns 58,790 shares of the energy exploration company’s stock valued at $7,227,000 after purchasing an additional 2,634 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $114.09 on Tuesday. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $62.93 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 3.58 and a beta of 0.93. The firm has a 50-day moving average of $120.10 and a two-hundred day moving average of $125.56.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating 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 company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. As a group, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

Wall Street Analyst Weigh In

Several analysts have weighed in on EOG shares. Williams Trading set a $154.00 target price on shares of EOG Resources in a research note on Wednesday, March 5th. Raymond James reiterated a “strong-buy” rating and set a $140.00 target price on shares of EOG Resources in a research note on Monday, April 21st. Citigroup lowered their price target on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Barclays lowered their price target on shares of EOG Resources from $144.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 23rd. Finally, Piper Sandler lowered their price target on shares of EOG Resources from $135.00 to $133.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Twelve investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus target price of $141.25.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

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.