Howe & Rusling Inc. Reduces Stock Position in EOG Resources, Inc. $EOG

Howe & Rusling Inc. cut its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 23.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,356 shares of the energy exploration company’s stock after selling 12,044 shares during the period. Howe & Rusling Inc.’s holdings in EOG Resources were worth $4,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EOG. Banque Cantonale Vaudoise bought a new position in EOG Resources in the first quarter valued at about $26,000. Caitong International Asset Management Co. Ltd increased its holdings in EOG Resources by 10,950.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 219 shares during the last quarter. Saudi Central Bank purchased a new position in shares of EOG Resources during the 1st quarter worth $28,000. Raleigh Capital Management Inc. purchased a new stake in shares of EOG Resources in the 2nd quarter worth $29,000. Finally, ORG Partners LLC raised its stake in shares of EOG Resources by 45.1% in the second quarter. ORG Partners LLC now owns 283 shares of the energy exploration company’s stock worth $34,000 after buying an additional 88 shares during the period. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on EOG shares. Evercore ISI raised their price objective on shares of EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. The Goldman Sachs Group lowered their target price on EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Wells Fargo & Company reduced their price objective on EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. JPMorgan Chase & Co. cut their price objective on shares of EOG Resources from $132.00 to $131.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Finally, Wolfe Research reduced their price target on EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, EOG Resources currently has an average rating of “Hold” and a consensus target price of $140.12.

EOG Resources Trading Down 2.2%

Shares of NYSE:EOG opened at $107.17 on Thursday. The business’s fifty day simple moving average is $110.44 and its 200-day simple moving average is $115.40. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $58.15 billion, a PE ratio of 10.41, a P/E/G ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.42 by $0.29. The business had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.89 earnings per share. As a group, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio is currently 40.64%.

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.