Level Four Advisory Services LLC Acquires 3,260 Shares of EOG Resources, Inc. (NYSE:EOG)

Level Four Advisory Services LLC boosted its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 61,089 shares of the energy exploration company's stock after purchasing an additional 3,260 shares during the period. Level Four Advisory Services LLC's holdings in EOG Resources were worth $7,488,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. Great Valley Advisor Group Inc. boosted its holdings in shares of EOG Resources by 5.8% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,743 shares of the energy exploration company's stock worth $214,000 after buying an additional 95 shares during the period. Kingsview Wealth Management LLC grew its holdings in shares of EOG Resources by 41.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 4,490 shares of the energy exploration company's stock worth $552,000 after purchasing an additional 1,305 shares in the last quarter. Private Trust Co. NA increased its position in shares of EOG Resources by 9.4% in the third quarter. Private Trust Co. NA now owns 1,683 shares of the energy exploration company's stock worth $207,000 after purchasing an additional 144 shares during the period. Quantbot Technologies LP acquired a new position in EOG Resources in the third quarter valued at about $1,443,000. Finally, Avestar Capital LLC lifted its position in EOG Resources by 37.8% during the third quarter. Avestar Capital LLC now owns 2,594 shares of the energy exploration company's stock worth $319,000 after purchasing an additional 711 shares during the period. Institutional investors own 89.91% of the company's stock.

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EOG Resources Trading Up 0.3 %

NYSE EOG traded up $0.38 on Tuesday, reaching $128.62. The company had a trading volume of 559,748 shares, compared to its average volume of 3,093,481. The firm has a market cap of $71.24 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a fifty-two week low of $115.78 and a fifty-two week high of $139.67. The business has a 50 day moving average of $128.06 and a two-hundred day moving average of $127.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. Analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.03%. EOG Resources's payout ratio is 34.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Bank of America reissued a "neutral" rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Mizuho reissued a "neutral" rating and issued a $140.00 price objective (down from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. Wells Fargo & Company reduced their target price on EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Raymond James boosted their price target on EOG Resources from $167.00 to $175.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. Finally, 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, March 13th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, EOG Resources has an average rating of "Hold" and a consensus target price of $144.67.

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.