Demars Financial Group LLC Purchases 638,020 Shares of EOG Resources, Inc. (NYSE:EOG)

Demars Financial Group LLC grew its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 12,422.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 643,156 shares of the energy exploration company's stock after buying an additional 638,020 shares during the quarter. Demars Financial Group LLC owned 0.11% of EOG Resources worth $78,838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in EOG. Charles Schwab Investment Management Inc. lifted its stake in EOG Resources by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after purchasing an additional 781,282 shares during the last quarter. Geode Capital Management LLC boosted its position in EOG Resources by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock worth $1,541,282,000 after purchasing an additional 234,067 shares in the last quarter. Alliancebernstein L.P. lifted its stake in EOG Resources by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock valued at $696,990,000 after buying an additional 365,115 shares in the last quarter. Franklin Resources Inc. lifted its stake 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 valued at $694,717,000 after buying an additional 2,076,134 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in 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 valued at $547,827,000 after purchasing an additional 214,497 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Stock Performance

Shares of EOG traded up $3.04 during mid-day trading on Tuesday, hitting $112.15. 677,765 shares of the company's stock were exchanged, compared to its average volume of 3,222,528. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The business's 50 day moving average is $121.90 and its two-hundred day moving average is $126.24. The firm has a market capitalization of $61.86 billion, a P/E ratio of 9.03, a P/E/G ratio of 3.58 and a beta of 0.93. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

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

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.48%. EOG Resources's dividend payout ratio (DPR) is 34.73%.

Wall Street Analysts Forecast Growth

EOG has been the topic of several analyst reports. Wolfe Research raised shares of EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Morgan Stanley decreased their price target on shares of EOG Resources from $142.00 to $136.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Barclays dropped their price target on 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. StockNews.com lowered EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, UBS Group lowered their price target on EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources currently has an average rating of "Moderate Buy" and an average target price of $143.71.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction 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 completion of the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. The trade was 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. Corporate insiders own 0.13% of the company's stock.

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.