Essential Planning LLC. Invests $1.66 Million in EOG Resources, Inc. (NYSE:EOG)

Essential Planning LLC. purchased a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,000 shares of the energy exploration company's stock, valued at approximately $1,660,000.

Several other institutional investors have also recently made changes to their positions in EOG. Charles Schwab Investment Management Inc. increased its stake in shares of EOG Resources by 4.5% in the 4th 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 in the last quarter. Geode Capital Management LLC boosted its stake in EOG Resources by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company's stock worth $1,513,446,000 after purchasing an additional 180,755 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of EOG Resources by 64.7% during the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock worth $694,717,000 after buying an additional 2,076,134 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of EOG Resources by 5.0% in the fourth quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company's stock worth $547,827,000 after buying an additional 214,497 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its position in shares of EOG Resources by 4,642.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock valued at $349,627,000 after purchasing an additional 2,792,092 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

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EOG Resources Price Performance

Shares of NYSE:EOG traded down $3.26 on Thursday, reaching $121.01. 3,549,582 shares of the company were exchanged, compared to its average volume of 3,005,775. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year 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. The firm has a market cap of $67.03 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The company has a 50-day moving average of $129.60 and a 200-day moving average of $127.66.

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

EOG Resources Dividend Announcement

The business also recently announced 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. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.22%. EOG Resources's dividend payout ratio is presently 34.73%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EOG shares. Barclays reduced their price objective on EOG Resources from $148.00 to $146.00 and set an "equal weight" rating on the stock in a research report on Friday, February 28th. StockNews.com lowered EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Benchmark reaffirmed a "hold" rating on shares of EOG Resources in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced 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. Finally, UBS Group decreased their price objective 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. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has an average rating of "Hold" and a consensus price target of $145.86.

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.