Brookstone Capital Management Raises Holdings in EOG Resources, Inc. (NYSE:EOG)

Brookstone Capital Management grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 25.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,861 shares of the energy exploration company’s stock after buying an additional 376 shares during the period. Brookstone Capital Management’s holdings in EOG Resources were worth $225,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EOG. Envestnet Portfolio Solutions Inc. purchased a new stake in EOG Resources during the 3rd quarter worth about $4,431,000. Paradigm Financial Partners LLC lifted its holdings in EOG Resources by 0.9% during the 3rd quarter. Paradigm Financial Partners LLC now owns 30,004 shares of the energy exploration company’s stock worth $3,728,000 after purchasing an additional 271 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in EOG Resources during the 3rd quarter worth about $1,331,000. Range Financial Group LLC purchased a new stake in EOG Resources during the 4th quarter worth about $1,008,000. Finally, Synovus Financial Corp lifted its holdings in EOG Resources by 0.9% during the 3rd quarter. Synovus Financial Corp now owns 43,129 shares of the energy exploration company’s stock worth $5,467,000 after purchasing an additional 382 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG opened at $126.41 on Thursday. The stock’s 50 day simple moving average is $116.01 and its 200 day simple moving average is $121.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. EOG Resources, Inc. has a 1 year low of $106.32 and a 1 year high of $136.79. The firm has a market cap of $73.32 billion, a price-to-earnings ratio of 9.71 and a beta of 1.39.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the previous year, the business earned $3.30 earnings per share. EOG Resources’s revenue was down 5.4% compared to the same quarter last year. As a group, analysts predict that EOG Resources, Inc. will post 11.43 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be given a dividend of $0.91 per share. The ex-dividend date is Monday, April 15th. This represents a $3.64 annualized dividend and a yield of 2.88%. EOG Resources’s payout ratio is 27.98%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EOG. KeyCorp dropped their price objective on EOG Resources from $157.00 to $147.00 and set an “overweight” rating on the stock in a report on Thursday, January 11th. Wells Fargo & Company cut EOG Resources from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $150.00 to $130.00 in a report on Thursday, December 14th. Susquehanna lowered their price target on EOG Resources from $164.00 to $147.00 and set a “positive” rating on the stock in a report on Friday, January 26th. JPMorgan Chase & Co. cut EOG Resources from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $156.00 to $150.00 in a report on Wednesday, December 6th. Finally, Stifel Nicolaus lowered their price target on EOG Resources from $163.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.75.

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.