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

Pallas Capital Advisors LLC increased its stake in shares of EOG Resources, Inc. (NYSE:EOGFree Report) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,236 shares of the energy exploration company’s stock after buying an additional 171 shares during the period. Pallas Capital Advisors LLC’s holdings in EOG Resources were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fortis Capital Advisors LLC purchased a new stake in EOG Resources during the fourth quarter worth about $28,000. Lumature Wealth Partners LLC purchased a new stake in shares of EOG Resources in the first quarter valued at about $28,000. McIlrath & Eck LLC lifted its holdings in shares of EOG Resources by 77.6% in the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 104 shares in the last quarter. Peoples Bank KS purchased a new stake in shares of EOG Resources in the third quarter valued at about $31,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on EOG shares. Morgan Stanley upped their price target on shares of EOG Resources from $131.00 to $132.00 and gave the company an “equal weight” rating in a report on Thursday, March 28th. Citigroup upped their price target on shares of EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research note on Monday, March 4th. Wells Fargo & Company downgraded shares of EOG Resources from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $150.00 to $130.00 in a research note on Thursday, December 14th. Finally, Stifel Nicolaus reduced their price objective on shares of EOG Resources from $163.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Eleven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $140.20.

View Our Latest Analysis on EOG

EOG Resources Price Performance

EOG Resources stock opened at $132.24 on Wednesday. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $136.79. The firm has a fifty day moving average of $117.41 and a 200-day moving average of $121.27. The firm has a market capitalization of $76.70 billion, a P/E ratio of 10.16 and a beta of 1.40. The company has a quick ratio of 2.13, a current ratio of 2.44 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOGGet Free Report) last released its quarterly earnings data 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 business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period in the previous year, the company earned $3.30 EPS. EOG Resources’s revenue was down 5.4% on a year-over-year basis. As a group, analysts predict that EOG Resources, Inc. will post 11.43 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is currently 27.98%.

EOG Resources Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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