EOG Resources, Inc. (NYSE:EOG) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 35.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 227 shares of the energy exploration company’s stock after selling 123 shares during the period. Cambridge Trust Co.’s holdings in EOG Resources were worth $27,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Twin Capital Management Inc. lifted its stake in shares of EOG Resources by 56.0% in the 4th quarter. Twin Capital Management Inc. now owns 11,227 shares of the energy exploration company’s stock valued at $1,358,000 after purchasing an additional 4,031 shares during the last quarter. Federated Hermes Inc. lifted its stake in EOG Resources by 15.4% during the 4th quarter. Federated Hermes Inc. now owns 11,324 shares of the energy exploration company’s stock worth $1,370,000 after acquiring an additional 1,512 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in EOG Resources by 44.8% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,057 shares of the energy exploration company’s stock worth $128,000 after acquiring an additional 327 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in EOG Resources by 1.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 60,626 shares of the energy exploration company’s stock worth $7,333,000 after acquiring an additional 885 shares in the last quarter. Finally, Guidance Capital Inc. lifted its stake in EOG Resources by 12.5% during the 4th quarter. Guidance Capital Inc. now owns 6,471 shares of the energy exploration company’s stock worth $787,000 after acquiring an additional 718 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EOG. Royal Bank of Canada reissued a “sector perform” rating and set a $145.00 target price on shares of EOG Resources in a research note on Tuesday, April 9th. KeyCorp decreased their target price on EOG Resources from $157.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, January 11th. Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and increased their price target for the company from $135.00 to $155.00 in a research report on Thursday, April 11th. Bank of America lowered EOG Resources from a “buy” rating to a “neutral” rating and reduced their price target for the company from $147.00 to $140.00 in a research report on Friday, January 5th. Finally, TD Securities reduced their price target on EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus price target of $141.48.

EOG Resources Trading Up 1.1 %

NYSE:EOG opened at $133.15 on Friday. The stock’s 50 day moving average price is $123.45 and its 200 day moving average price is $122.05. The company has a market capitalization of $76.59 billion, a PE ratio of 10.23 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, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.30 EPS. On average, research analysts anticipate that EOG Resources, Inc. will post 12.07 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.91 per share. The ex-dividend date is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.73%. EOG Resources’s dividend payout ratio is presently 27.98%.

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.