Sigma Planning Corp Sells 2,133 Shares of EOG Resources, Inc. (NYSE:EOG)

Sigma Planning Corp lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 38.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,385 shares of the energy exploration company’s stock after selling 2,133 shares during the period. Sigma Planning Corp’s holdings in EOG Resources were worth $409,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McIlrath & Eck LLC lifted its stake in shares of EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 104 shares during the period. Peoples Bank KS bought a new position in shares of EOG Resources in the 3rd quarter worth approximately $31,000. Exchange Traded Concepts LLC lifted its stake in shares of EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares during the period. Hall Laurie J Trustee bought a new position in shares of EOG Resources in the 4th quarter worth approximately $36,000. Finally, Keener Financial Planning LLC bought a new position in shares of EOG Resources in the 4th quarter worth approximately $36,000. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EOG. TD Securities lowered their price objective on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, February 23rd. Citigroup increased their price objective on shares of EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Bank of America lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $147.00 to $140.00 in a report on Friday, January 5th. Truist Financial reduced their target price on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, Raymond James reduced their target price on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $142.19.

EOG Resources Trading Up 0.3 %

EOG stock opened at $135.71 on Friday. The firm has a fifty day moving average price of $125.70 and a 200 day moving average price of $122.51. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The firm has a market cap of $78.06 billion, a PE ratio of 10.43 and a beta of 1.40.

EOG Resources (NYSE:EOG) last posted its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period last year, the business posted $3.30 earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. Sell-side analysts anticipate that EOG Resources, Inc. will post 12.29 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

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 $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a yield of 2.68%. 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.