Independent Advisor Alliance grew its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 32,602 shares of the energy exploration company's stock after purchasing an additional 4,644 shares during the quarter. Independent Advisor Alliance's holdings in EOG Resources were worth $3,996,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings 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 acquiring an additional 781,282 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 valued at $1,513,446,000 after purchasing an additional 180,755 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of 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 valued at $694,717,000 after purchasing an additional 2,076,134 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of EOG Resources by 5.0% in the 4th quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company's stock worth $547,827,000 after purchasing an additional 214,497 shares during the last quarter. Finally, Amundi raised its holdings in shares of EOG Resources by 1.3% in the 4th quarter. Amundi now owns 1,986,074 shares of the energy exploration company's stock worth $255,131,000 after purchasing an additional 26,370 shares in the last quarter. Institutional investors own 89.91% of the company's stock.
Analyst Upgrades and Downgrades
EOG has been the topic of several recent research reports. Morgan Stanley decreased their price target on shares of EOG Resources from $143.00 to $142.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company upgraded EOG Resources from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $147.00 to $150.00 in a report on Tuesday, December 17th. Royal Bank of Canada raised EOG Resources from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Williams Trading set a $154.00 price target on EOG Resources in a research note on Wednesday, March 5th. Finally, Bank of America restated a "neutral" rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $146.19.
Check Out Our Latest Stock Analysis on EOG
Insider Transactions at EOG Resources
In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company's stock in a transaction on Tuesday, December 31st. The shares were 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 directly owns 42,703 shares in the company, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.30% of the stock is currently owned by company insiders.
EOG Resources Trading Down 1.2 %
NYSE EOG opened at $124.37 on Wednesday. The company has a market capitalization of $68.89 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. 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's fifty day simple moving average is $129.64 and its 200-day simple moving average is $127.73.
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 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%. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.
EOG Resources Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's dividend payout ratio is 34.73%.
About EOG Resources
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider EOG Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EOG Resources wasn't on the list.
While EOG Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
