LSV Asset Management Purchases 4,228 Shares of EOG Resources, Inc. (NYSE:EOG)

LSV Asset Management lifted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 176,028 shares of the energy exploration company's stock after acquiring an additional 4,228 shares during the period. LSV Asset Management's holdings in EOG Resources were worth $21,578,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Financial Life Planners acquired a new position in EOG Resources during the fourth quarter worth about $25,000. Y.D. More Investments Ltd increased its position in EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after purchasing an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new position in EOG Resources in the 4th quarter valued at approximately $25,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources in the fourth quarter valued at approximately $27,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of EOG Resources during the fourth quarter worth $27,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on EOG shares. StockNews.com lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Benchmark restated a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Citigroup decreased their price objective on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Mizuho reaffirmed a "neutral" rating and set a $140.00 price target (down previously from $148.00) on shares of EOG Resources in a research report on Tuesday, March 25th. Finally, Morgan Stanley dropped their price objective on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Twelve investment 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's stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of "Moderate Buy" and a consensus price target of $144.19.

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EOG Resources Stock Performance

EOG stock traded down $0.17 during midday trading on Tuesday, hitting $107.47. The company's stock had a trading volume of 3,192,144 shares, compared to its average volume of 3,209,500. The stock has a market cap of $59.28 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 3.58 and a beta of 0.93. The stock's 50-day moving average price is $123.87 and its 200 day moving average price is $126.91. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. On average, equities 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. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's dividend payout ratio is currently 34.73%.

Insiders Place Their Bets

In other 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 completion of the sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.30% 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.