United Capital Management of KS Inc. Grows Stock Position in EOG Resources, Inc. (NYSE:EOG)

United Capital Management of KS Inc. raised its position in EOG Resources, Inc. (NYSE:EOG) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 68,306 shares of the energy exploration company’s stock after buying an additional 2,742 shares during the quarter. EOG Resources comprises 1.5% of United Capital Management of KS Inc.’s investment portfolio, making the stock its 21st biggest position. United Capital Management of KS Inc.’s holdings in EOG Resources were worth $8,373,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Aviso Financial Inc. raised its holdings in shares of EOG Resources by 4.3% in the 4th quarter. Aviso Financial Inc. now owns 6,563 shares of the energy exploration company’s stock worth $804,000 after purchasing an additional 273 shares during the period. Madison Investment Advisors LLC purchased a new position in shares of EOG Resources in the 4th quarter worth about $17,404,000. JPL Wealth Management LLC purchased a new position in shares of EOG Resources in the 4th quarter worth about $3,319,000. Impact Capital Partners LLC purchased a new position in shares of EOG Resources in the 4th quarter worth about $648,000. Finally, Erste Asset Management GmbH purchased a new position in shares of EOG Resources in the 4th quarter worth about $990,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays cut their price objective on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Truist Financial increased their target price on EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Citigroup lowered EOG Resources from a “neutral” rating to a “reduce” rating in a research note on Wednesday, March 5th. UBS Group lowered their target price on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $145.86.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

Shares of EOG opened at $124.04 on Friday. The firm has a market cap of $68.71 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 3.58 and a beta of 1.25. The stock has a 50 day moving average of $129.55 and a 200-day moving average of $127.62. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last issued its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

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.