Desjardins Global Asset Management Inc. Sells 1,015 Shares of EOG Resources, Inc. (NYSE:EOG)

Desjardins Global Asset Management Inc. lowered its position in EOG Resources, Inc. (NYSE:EOG) by 19.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,107 shares of the energy exploration company’s stock after selling 1,015 shares during the period. Desjardins Global Asset Management Inc.’s holdings in EOG Resources were worth $497,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Fortis Capital Advisors LLC purchased a new stake in shares of EOG Resources during the 4th quarter valued at about $28,000. Lumature Wealth Partners LLC bought a new position in shares of EOG Resources during the first quarter valued at approximately $28,000. McIlrath & Eck LLC lifted its position in EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 104 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 212 shares during the last quarter. Finally, Peoples Bank KS purchased a new stake in EOG Resources during the third quarter valued at approximately $31,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG opened at $132.40 on Thursday. The stock has a fifty day moving average price of $122.63 and a 200-day moving average price of $121.92. The company has a market cap of $76.16 billion, a price-to-earnings ratio of 10.18 and a beta of 1.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. EOG Resources, Inc. has a fifty-two week low of $106.32 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates 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 period last year, the firm posted $3.30 EPS. EOG Resources’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources, Inc. will post 12.07 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm 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 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 dividend yield of 2.75%. EOG Resources’s dividend payout ratio (DPR) is currently 27.98%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of EOG Resources from $163.00 to $153.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Susquehanna reduced their target price on shares of EOG Resources from $164.00 to $147.00 and set a “positive” rating on the stock in a research note on Friday, January 26th. Scotiabank cut shares of EOG Resources from a “sector outperform” rating to a “sector perform” rating and lifted their price objective for the company from $135.00 to $155.00 in a report on Thursday, April 11th. Mizuho boosted their price target on shares of EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Monday. Finally, Morgan Stanley boosted their price target on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a report on Monday. 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’s stock. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and an average target price of $140.90.

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.