Terra Nova Asset Management LLC Sells 139 Shares of EOG Resources, Inc. (NYSE:EOG)

Terra Nova Asset Management LLC lowered its position in EOG Resources, Inc. (NYSE:EOG) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,790 shares of the energy exploration company’s stock after selling 139 shares during the period. Terra Nova Asset Management LLC’s holdings in EOG Resources were worth $217,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tejara Capital Ltd purchased a new position in EOG Resources during the 4th quarter worth $106,000. Charles Schwab Investment Management Inc. increased its position in shares of EOG Resources by 196.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,859,925 shares of the energy exploration company’s stock valued at $1,175,599,000 after acquiring an additional 6,529,464 shares during the last quarter. Morgan Stanley grew its stake in EOG Resources by 87.8% in the 4th quarter. Morgan Stanley now owns 7,787,281 shares of the energy exploration company’s stock valued at $1,008,609,000 after purchasing an additional 3,641,504 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of EOG Resources by 126.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,111,339 shares of the energy exploration company’s stock worth $662,021,000 after purchasing an additional 2,851,839 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its holdings in EOG Resources by 103,083.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,272,097 shares of the energy exploration company’s stock worth $294,282,000 after buying an additional 2,269,895 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG stock opened at $127.84 on Friday. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a twelve month low of $106.32 and a twelve month high of $136.79. The business has a 50 day simple moving average of $116.32 and a 200-day simple moving average of $121.44. The company has a market capitalization of $74.15 billion, a P/E ratio of 9.83 and a beta of 1.39.

EOG Resources (NYSE:EOG) last released its 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 business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same quarter in the previous year, the firm posted $3.30 EPS. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.43 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued 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 dividend yield of 2.85%. EOG Resources’s dividend payout ratio (DPR) is 27.98%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. TD Securities reduced their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. Piper Sandler reduced their price target on EOG Resources from $153.00 to $141.00 and set an “overweight” rating on the stock in a research report on Thursday, March 7th. Truist Financial dropped their target price on shares of EOG Resources from $172.00 to $165.00 and set a “buy” rating for the company in a report on Monday, February 26th. Raymond James dropped their price target 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. Finally, UBS Group lowered their target price on EOG Resources from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, December 14th. Eleven investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $140.20.

EOG Resources Company 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.