Legacy Financial Advisors Inc. Has $497,000 Position in EOG Resources, Inc. (NYSE:EOG)

Legacy Financial Advisors Inc. increased its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 11.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,057 shares of the energy exploration company’s stock after purchasing an additional 411 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in EOG Resources were worth $497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wealthfront Advisers LLC increased its holdings in shares of EOG Resources by 4,642.2% during the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock worth $349,627,000 after buying an additional 2,792,092 shares in the last quarter. Franklin Resources Inc. grew its position in EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after acquiring an additional 2,076,134 shares during the last quarter. Raymond James Financial Inc. acquired a new position in EOG Resources in the 4th quarter worth about $171,193,000. Charles Schwab Investment Management Inc. raised its position in EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after purchasing an additional 781,282 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of EOG Resources by 486.6% during the fourth quarter. Renaissance Technologies LLC now owns 726,200 shares of the energy exploration company’s stock valued at $89,018,000 after purchasing an additional 602,400 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Williams Trading set a $154.00 target price on EOG Resources in a research report on Wednesday, March 5th. Wolfe Research raised EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. cut their price objective on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Barclays decreased their target price on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th. Thirteen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $144.67.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources 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 transaction, the chief operating officer now owns 47,732 shares of the company’s stock, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Down 8.5 %

EOG Resources stock opened at $104.39 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average price is $124.67 and its two-hundred day moving average price is $127.08. The firm has a market capitalization of $57.58 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The business 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%. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

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 given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is currently 34.73%.

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.