Wealthcare Advisory Partners LLC Buys New Stake in EOG Resources, Inc. (NYSE:EOG)

Wealthcare Advisory Partners LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,098 shares of the energy exploration company’s stock, valued at approximately $80,000.

Other institutional investors also recently bought and sold shares of the company. Sei Investments Co. grew its stake in shares of EOG Resources by 268.3% in the third quarter. Sei Investments Co. now owns 228,408 shares of the energy exploration company’s stock worth $8,194,000 after acquiring an additional 166,397 shares in the last quarter. First Hawaiian Bank grew its stake in shares of EOG Resources by 15.4% in the fourth quarter. First Hawaiian Bank now owns 7,310 shares of the energy exploration company’s stock worth $365,000 after acquiring an additional 978 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of EOG Resources by 16.1% in the fourth quarter. IFM Investors Pty Ltd now owns 55,789 shares of the energy exploration company’s stock worth $2,782,000 after acquiring an additional 7,718 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of EOG Resources by 42.7% in the fourth quarter. Raymond James Trust N.A. now owns 7,996 shares of the energy exploration company’s stock worth $399,000 after acquiring an additional 2,394 shares in the last quarter. Finally, Gateway Investment Advisers LLC acquired a new position in shares of EOG Resources in the fourth quarter worth $265,000. Hedge funds and other institutional investors own 87.69% of the company’s stock.

Several equities research analysts have recently issued reports on EOG shares. US Capital Advisors cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, March 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $80.00 price objective (down from $85.00) on shares of EOG Resources in a research report on Monday, April 26th. Tudor Pickering reaffirmed a “hold” rating on shares of EOG Resources in a research report on Monday, March 8th. Citigroup lifted their price objective on shares of EOG Resources from $72.00 to $88.00 in a research report on Tuesday, March 23rd. Finally, Johnson Rice reissued an “accumulate” rating and issued a $88.00 price target on shares of EOG Resources in a research report on Monday, March 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. EOG Resources currently has an average rating of “Hold” and a consensus target price of $72.08.

In related news, EVP Michael P. Donaldson sold 6,223 shares of the company’s stock in a transaction on Friday, March 12th. The stock was sold at an average price of $74.98, for a total value of $466,600.54. Following the completion of the transaction, the executive vice president now directly owns 119,184 shares in the company, valued at $8,936,416.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Lloyd W. Helms, Jr. sold 8,623 shares of the company’s stock in a transaction on Friday, March 12th. The shares were sold at an average price of $74.74, for a total value of $644,483.02. Following the completion of the transaction, the chief operating officer now owns 121,239 shares of the company’s stock, valued at $9,061,402.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,119 shares of company stock valued at $1,356,231. Insiders own 0.30% of the company’s stock.

Shares of EOG stock opened at $82.60 on Friday. The stock has a fifty day moving average price of $74.03 and a 200 day moving average price of $59.86. The stock has a market cap of $48.21 billion, a PE ratio of -158.84 and a beta of 2.09. EOG Resources, Inc. has a 1 year low of $31.22 and a 1 year high of $86.60. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.47 and a current ratio of 1.69.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 6th. The energy exploration company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.18. EOG Resources had a positive return on equity of 5.86% and a negative net margin of 2.47%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same period in the previous year, the firm posted $0.55 earnings per share. EOG Resources’s revenue was down 21.7% on a year-over-year basis. As a group, equities research analysts predict that EOG Resources, Inc. will post 1.02 earnings per share for the current year.

The business also recently declared a special dividend, which will be paid on Friday, July 30th. Stockholders of record on Friday, July 16th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, July 15th. This represents a dividend yield of 2%. EOG Resources’s dividend payout ratio (DPR) is 33.13%.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; the Republic of Trinidad and Tobago; the People's Republic of China; and the Sultanate of Oman.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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