Advisory Services Network LLC Has $4.26 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Advisory Services Network LLC grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 5.2% during the 4th quarter, Holdings Channel reports. The firm owned 34,781 shares of the energy exploration company’s stock after purchasing an additional 1,705 shares during the period. Advisory Services Network LLC’s holdings in EOG Resources were worth $4,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Life Planners bought a new position in EOG Resources during the fourth quarter worth $25,000. Y.D. More Investments Ltd lifted its holdings in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after purchasing an additional 121 shares in the last quarter. Mainstream Capital Management LLC purchased a new stake in EOG Resources in the 4th quarter valued at $25,000. Decker Retirement Planning Inc. purchased a new stake in shares of EOG Resources during the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new stake in EOG Resources in the 4th quarter valued at about $27,000. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of several recent research reports. Bank of America reiterated a “neutral” rating and issued a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. UBS Group decreased their target price on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Piper Sandler reduced their price target on EOG Resources from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Finally, Morgan Stanley dropped their price target on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EOG Resources has an average rating of “Hold” and a consensus target price of $144.67.

EOG Resources Stock Up 8.7 %

EOG Resources stock opened at $114.11 on Thursday. The stock has a market capitalization of $62.94 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 3.58 and a beta of 0.93. The stock has a 50 day moving average of $125.11 and a two-hundred day moving average of $127.25. EOG Resources, Inc. has a twelve month low of $102.54 and a twelve month high of $139.67. 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 (NYSE:EOG) last released its quarterly 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 business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio is presently 34.73%.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is currently owned by insiders.

About EOG Resources

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.