Flputnam Investment Management Co. Reduces Position in EOG Resources, Inc. (NYSE:EOG)

Flputnam Investment Management Co. cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,376 shares of the energy exploration company’s stock after selling 1,690 shares during the quarter. Flputnam Investment Management Co.’s holdings in EOG Resources were worth $1,981,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of EOG Resources by 2.8% in the first quarter. State Street Corp now owns 36,299,584 shares of the energy exploration company’s stock worth $4,161,014,000 after buying an additional 1,005,328 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of EOG Resources by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock worth $1,639,903,000 after purchasing an additional 145,691 shares during the last quarter. Geode Capital Management LLC increased its position in shares of EOG Resources by 2.3% in the first quarter. Geode Capital Management LLC now owns 11,814,421 shares of the energy exploration company’s stock worth $1,352,283,000 after purchasing an additional 262,445 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of EOG Resources by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after purchasing an additional 892,951 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of EOG Resources by 1.9% in the second quarter. Nuveen Asset Management LLC now owns 10,475,545 shares of the energy exploration company’s stock worth $1,198,821,000 after purchasing an additional 197,796 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Up 0.4 %

EOG Resources stock opened at $132.94 on Wednesday. The business has a 50-day simple moving average of $122.23 and a two-hundred day simple moving average of $121.84. The company has a market cap of $76.47 billion, a P/E ratio of 10.22 and a beta of 1.40. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67. 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: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 the consensus estimate of $6.18 billion. EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.30 earnings per share. Analysts predict that EOG Resources, Inc. will post 11.95 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors 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 yield of 2.74%. EOG Resources’s dividend payout ratio is presently 27.98%.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research analyst reports. Bank of America cut shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $147.00 to $140.00 in a research report on Friday, January 5th. Truist Financial reduced their price target on shares of EOG Resources from $165.00 to $163.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Stifel Nicolaus reduced their price target on shares of EOG Resources from $163.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Citigroup raised their target price on shares of EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. raised their target price on shares of EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a report on Thursday, March 28th. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $140.90.

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.