EOG Resources, Inc. $EOG Stock Position Lowered by Castleark Management LLC

Castleark Management LLC lowered its position in shares of EOG Resources, Inc. (NYSE:EOG) by 79.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,000 shares of the energy exploration company’s stock after selling 11,880 shares during the period. Castleark Management LLC’s holdings in EOG Resources were worth $359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its position in shares of EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares in the last quarter. Saudi Central Bank acquired a new stake in EOG Resources during the first quarter valued at approximately $28,000. Raleigh Capital Management Inc. acquired a new stake in EOG Resources during the second quarter valued at approximately $29,000. ORG Partners LLC boosted its holdings in EOG Resources by 45.1% during 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 in the last quarter. Finally, Keener Financial Planning LLC acquired a new position in EOG Resources in the second quarter worth approximately $35,000. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on EOG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a research report on Wednesday, October 8th. Wolfe Research reduced their target price on EOG Resources from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Royal Bank Of Canada lifted their price target on EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. The Goldman Sachs Group cut their price objective on EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Finally, Siebert Williams Shank decreased their target price on shares of EOG Resources from $155.00 to $145.00 and set a “buy” rating for the company in a report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $139.43.

EOG Resources Trading Down 1.4%

EOG Resources stock opened at $108.01 on Monday. The company’s fifty day moving average price is $108.00 and its two-hundred day moving average price is $115.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a market capitalization of $58.61 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 8.17 and a beta of 0.49.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the business posted $2.89 EPS. EOG Resources’s revenue was down 2.0% compared to the same quarter last year. On average, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio (DPR) is presently 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.