Ipsen Advisor Group LLC Takes Position in EOG Resources, Inc. (NYSE:EOG)

Ipsen Advisor Group LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,966 shares of the energy exploration company’s stock, valued at approximately $486,000.

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

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

EOG Resources Stock Performance

NYSE EOG opened at $127.26 on Wednesday. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The company has a market capitalization of $70.49 billion, a P/E ratio of 10.25, a PEG ratio of 3.58 and a beta of 1.25. The business has a 50 day moving average price of $128.82 and a 200 day moving average price of $127.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. Sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.06%. EOG Resources’s payout ratio is currently 34.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EOG shares. Wolfe Research raised shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. JPMorgan Chase & Co. dropped their target price on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Citigroup reduced their price objective on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Finally, Mizuho reissued a “neutral” rating and set a $140.00 price target (down from $148.00) on shares of EOG Resources in a report on Tuesday. Thirteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $144.95.

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.