Beacon Pointe Advisors LLC Lowers Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Beacon Pointe Advisors LLC reduced its position in EOG Resources, Inc. (NYSE:EOG) by 5.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,699 shares of the energy exploration company’s stock after selling 2,500 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in EOG Resources were worth $5,724,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. World Investment Advisors LLC purchased a new stake in EOG Resources during the 3rd quarter valued at about $730,000. Mountain Lake Investment Management LLC bought a new stake in EOG Resources in the 4th quarter worth $735,000. Oak Ridge Investments LLC raised its stake in shares of EOG Resources by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock valued at $5,059,000 after acquiring an additional 2,311 shares during the last quarter. Tobam purchased a new stake in shares of EOG Resources during the fourth quarter worth about $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in EOG Resources by 161.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock valued at $550,000 after purchasing an additional 2,773 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Trading Down 1.0 %

Shares of NYSE:EOG opened at $112.99 on Wednesday. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The stock has a market capitalization of $62.32 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 3.58 and a beta of 0.93. 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’s 50-day simple moving average is $119.65 and its two-hundred day simple moving average is $125.48.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating 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 business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. Analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.45%. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EOG shares. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Susquehanna decreased their price objective on shares of EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a report on Tuesday, April 22nd. Raymond James reaffirmed a “strong-buy” rating and set a $140.00 target price on shares of EOG Resources in a research note on Monday, April 21st. Barclays decreased their price target on shares of EOG Resources from $144.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 23rd. Finally, UBS Group cut their price objective on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Twelve analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $141.25.

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.