Princeton Global Asset Management LLC lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,331 shares of the energy exploration company’s stock after selling 505 shares during the quarter. Princeton Global Asset Management LLC’s holdings in EOG Resources were worth $914,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of EOG. Sound Shore Management Inc CT acquired a new stake in shares of EOG Resources in the third quarter valued at about $61,894,000. Principal Financial Group Inc. grew its stake in EOG Resources by 52.1% during the 4th quarter. Principal Financial Group Inc. now owns 4,613,452 shares of the energy exploration company’s stock valued at $230,073,000 after purchasing an additional 1,579,499 shares in the last quarter. Natixis bought a new position in EOG Resources during the 3rd quarter worth approximately $37,863,000. Truist Financial Corp lifted its holdings in EOG Resources by 829.9% during the 3rd quarter. Truist Financial Corp now owns 1,110,401 shares of the energy exploration company’s stock worth $39,907,000 after buying an additional 990,987 shares during the last quarter. Finally, Boston Partners bought a new position in EOG Resources during the 3rd quarter worth approximately $33,613,000. Institutional investors and hedge funds own 87.69% of the company’s stock.
Several research firms recently commented on EOG. Barclays lowered their target price on EOG Resources from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 2nd. Truist lifted their target price on EOG Resources from $50.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, December 29th. Morgan Stanley lifted their target price on EOG Resources from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 17th. Zacks Investment Research cut EOG Resources from a “hold” rating to a “sell” rating and set a $34.00 target price on the stock. in a report on Thursday, October 29th. Finally, The Goldman Sachs Group cut EOG Resources from a “conviction-buy” rating to a “buy” rating in a report on Tuesday, December 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. EOG Resources currently has an average rating of “Buy” and an average price target of $63.29.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 29th. Stockholders of record on Friday, January 15th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Thursday, January 14th. EOG Resources’s payout ratio is currently 30.12%.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. The company's principal producing areas are located in New Mexico, North Dakota, Texas, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
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