Ensign Peak Advisors Inc Boosts Stock Position in EOG Resources, Inc. (NYSE:EOG)

Ensign Peak Advisors Inc increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 20.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 942,201 shares of the energy exploration company’s stock after buying an additional 158,378 shares during the period. Ensign Peak Advisors Inc owned about 0.17% of EOG Resources worth $115,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Mountain Lake Investment Management LLC acquired a new stake in shares of EOG Resources in the fourth quarter worth approximately $735,000. Oak Ridge Investments LLC grew its holdings 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 worth $5,059,000 after buying an additional 2,311 shares in the last quarter. Tobam acquired a new stake in shares of EOG Resources in the fourth quarter valued at about $352,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of EOG Resources by 161.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock worth $550,000 after buying an additional 2,773 shares in the last quarter. Finally, Twelve Points Wealth Management LLC boosted its position in EOG Resources by 27.2% during the fourth quarter. Twelve Points Wealth Management LLC now owns 24,579 shares of the energy exploration company’s stock worth $3,013,000 after acquiring an additional 5,259 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several analyst reports. Scotiabank upgraded EOG Resources from a “sector perform” rating to a “sector outperform” rating and reduced their price target for the stock from $150.00 to $130.00 in a report on Friday, April 11th. KeyCorp reduced their price target on shares of EOG Resources from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company lowered their price objective on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Bank of America reiterated a “neutral” rating and set a $144.00 price target (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.95.

EOG Resources Trading Up 1.5 %

Shares of EOG Resources stock opened at $109.62 on Friday. The company has a fifty day simple moving average of $116.90 and a 200-day simple moving average of $124.63. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. 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 stock has a market cap of $59.83 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.82 earnings per share. On average, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be issued a $0.975 dividend. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.56%. EOG Resources’s payout ratio is 36.18%.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction 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 directly owns 47,732 shares of the company’s stock, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by insiders.

EOG Resources 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.