Boston Trust Walden Corp Cuts Stake in EOG Resources, Inc. $EOG

Boston Trust Walden Corp cut its stake in EOG Resources, Inc. (NYSE:EOG) by 13.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 94,452 shares of the energy exploration company’s stock after selling 14,671 shares during the quarter. Boston Trust Walden Corp’s holdings in EOG Resources were worth $10,590,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its stake in 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 worth $26,000 after buying an additional 219 shares in the last quarter. Raleigh Capital Management Inc. acquired a new stake in shares of EOG Resources in the second quarter worth approximately $29,000. ORG Partners LLC increased its position in shares of 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 purchasing an additional 88 shares in the last quarter. Keener Financial Planning LLC acquired a new position in EOG Resources in the 2nd quarter valued at $35,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in EOG Resources in the 2nd quarter valued at $35,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EOG. Royal Bank Of Canada upped their target price on shares of EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Citigroup reaffirmed a “neutral” rating and set a $115.00 price objective (down previously from $125.00) on shares of EOG Resources in a research note on Wednesday, December 17th. Barclays set a $136.00 target price on shares of EOG Resources and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. BMO Capital Markets dropped their price target on EOG Resources from $130.00 to $126.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Finally, Piper Sandler reduced their price objective on EOG Resources from $129.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $138.93.

EOG Resources Stock Performance

EOG Resources stock opened at $105.64 on Wednesday. The firm has a 50 day simple moving average of $106.82 and a 200-day simple moving average of $114.13. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $138.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 1.43. The stock has a market cap of $57.32 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 7.91 and a beta of 0.49.

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. EOG Resources had a net margin of 24.49% and a return on equity of 19.80%. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the company earned $2.89 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders 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 3.9%. The ex-dividend date of this dividend is Friday, January 16th. EOG Resources’s dividend payout ratio is 40.64%.

About EOG Resources

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.