Confluence Investment Management LLC Has $19.36 Million Holdings in EOG Resources, Inc. $EOG

Confluence Investment Management LLC cut its position in shares of EOG Resources, Inc. (NYSE:EOG) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,674 shares of the energy exploration company’s stock after selling 8,786 shares during the period. Confluence Investment Management LLC’s holdings in EOG Resources were worth $19,360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cullen Capital Management LLC lifted its holdings in EOG Resources by 4.7% during the 2nd quarter. Cullen Capital Management LLC now owns 576,470 shares of the energy exploration company’s stock worth $68,952,000 after buying an additional 25,753 shares in the last quarter. Kiker Wealth Management LLC acquired a new stake in shares of EOG Resources in the 2nd quarter valued at $627,000. Railway Pension Investments Ltd raised its position in shares of EOG Resources by 6.9% during the second quarter. Railway Pension Investments Ltd now owns 449,100 shares of the energy exploration company’s stock worth $53,717,000 after acquiring an additional 28,800 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of EOG Resources by 9.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 61,742 shares of the energy exploration company’s stock valued at $7,386,000 after acquiring an additional 5,156 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in EOG Resources by 30.1% in the first quarter. Canada Pension Plan Investment Board now owns 195,782 shares of the energy exploration company’s stock valued at $25,107,000 after acquiring an additional 45,295 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Trading Up 1.4%

EOG opened at $103.40 on Tuesday. The firm’s fifty day moving average is $107.19 and its two-hundred day moving average is $114.74. The firm has a market cap of $56.11 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 7.71 and a beta of 0.49. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $138.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.62.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $5.85 billion during the quarter, compared to analysts’ expectations of $5.48 billion. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.89 EPS. Equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, January 16th. EOG Resources’s dividend payout ratio is 40.64%.

Analyst Ratings Changes

A number of research analysts have issued reports on EOG shares. Wells Fargo & Company cut their target price on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Wolfe Research cut their price objective on shares of EOG Resources from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Piper Sandler lowered their target price on shares of EOG Resources from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Citigroup reiterated a “neutral” rating and set a $115.00 target price (down previously from $125.00) on shares of EOG Resources in a research report on Wednesday, December 17th. Finally, Evercore ISI raised their price target on EOG Resources from $141.00 to $149.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, EOG Resources currently has a consensus rating of “Hold” and an average target price of $138.93.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.