Headlands Technologies LLC Lowers Position in EOG Resources, Inc. (NYSE:EOG)

Headlands Technologies LLC trimmed its position in shares of EOG Resources, Inc. (NYSE:EOG) by 85.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 404 shares of the energy exploration company’s stock after selling 2,424 shares during the quarter. Headlands Technologies LLC’s holdings in EOG Resources were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Qube Research & Technologies Ltd boosted its holdings in EOG Resources by 863.4% during the third quarter. Qube Research & Technologies Ltd now owns 1,100,068 shares of the energy exploration company’s stock worth $139,445,000 after purchasing an additional 985,884 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of EOG Resources by 8.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after buying an additional 892,951 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of EOG Resources in the 3rd quarter worth approximately $71,596,000. Invesco Ltd. grew its holdings in shares of EOG Resources by 15.2% in the third quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock valued at $443,088,000 after acquiring an additional 460,872 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of EOG Resources by 38.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,474,807 shares of the energy exploration company’s stock valued at $186,946,000 after acquiring an additional 408,833 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Raymond James reduced their price objective on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. TD Securities decreased their price objective on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, February 23rd. Truist Financial dropped their target price on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. JPMorgan Chase & Co. raised their price target on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Finally, StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Wednesday. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $142.27.

EOG Resources Trading Down 1.6 %

Shares of EOG Resources stock opened at $129.95 on Thursday. 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 $139.67. The firm has a market cap of $74.75 billion, a PE ratio of 9.99 and a beta of 1.40. The company has a 50 day simple moving average of $126.80 and a two-hundred day simple moving average of $122.53.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data 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 company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business’s revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.30 earnings per share. Analysts expect that EOG Resources, Inc. will post 12.32 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Monday, April 15th. EOG Resources’s payout ratio is currently 27.98%.

EOG Resources Profile

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.