3Chopt Investment Partners LLC Acquires 3,069 Shares of EOG Resources, Inc. (NYSE:EOG)

3Chopt Investment Partners LLC lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 28.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,976 shares of the energy exploration company's stock after buying an additional 3,069 shares during the period. 3Chopt Investment Partners LLC's holdings in EOG Resources were worth $1,713,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Stamos Capital Partners L.P. increased its stake in shares of EOG Resources by 32.5% during the fourth quarter. Stamos Capital Partners L.P. now owns 10,360 shares of the energy exploration company's stock worth $1,270,000 after purchasing an additional 2,540 shares in the last quarter. Altman Advisors Inc. grew its position in shares of EOG Resources by 1.9% in the fourth quarter. Altman Advisors Inc. now owns 13,199 shares of the energy exploration company's stock valued at $1,618,000 after purchasing an additional 252 shares in the last quarter. Sagespring Wealth Partners LLC purchased a new position in shares of EOG Resources during the 4th quarter worth $627,000. Townsquare Capital LLC boosted its holdings in EOG Resources by 13.6% in the 4th quarter. Townsquare Capital LLC now owns 21,374 shares of the energy exploration company's stock valued at $2,620,000 after purchasing an additional 2,563 shares during the last quarter. Finally, Qtron Investments LLC raised its position in EOG Resources by 17.8% in the fourth quarter. Qtron Investments LLC now owns 17,041 shares of the energy exploration company's stock valued at $2,089,000 after purchasing an additional 2,570 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Up 2.1 %

Shares of NYSE EOG traded up $2.29 during mid-day trading on Friday, reaching $110.53. 5,905,407 shares of the company traded hands, compared to its average volume of 3,225,641. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market cap of $60.96 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. The company's fifty day moving average is $122.73 and its two-hundred day moving average is $126.56.

EOG Resources (NYSE:EOG - Get Free Report) last announced 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. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. On average, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders 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 dividend yield of 3.53%. EOG Resources's dividend payout ratio is currently 34.73%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. 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. Williams Trading set a $154.00 price target on EOG Resources in a report on Wednesday, March 5th. StockNews.com downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Barclays lowered their target price on shares of EOG Resources from $146.00 to $144.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 18th. Finally, Raymond James lifted their target price on EOG Resources from $167.00 to $175.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $144.19.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company's stock.

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.