Evergreen Private Wealth LLC Has $3.22 Million Position in EOG Resources, Inc. $EOG

Evergreen Private Wealth LLC increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 14.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,676 shares of the energy exploration company’s stock after acquiring an additional 3,761 shares during the quarter. Evergreen Private Wealth LLC’s holdings in EOG Resources were worth $3,221,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EOG. West Michigan Advisors LLC grew its holdings in EOG Resources by 12.3% in the 4th quarter. West Michigan Advisors LLC now owns 24,712 shares of the energy exploration company’s stock valued at $2,595,000 after buying an additional 2,715 shares in the last quarter. Confluence Wealth Services Inc. grew its holdings in EOG Resources by 4.8% in the 4th quarter. Confluence Wealth Services Inc. now owns 11,570 shares of the energy exploration company’s stock valued at $1,215,000 after buying an additional 534 shares in the last quarter. Boston Trust Walden Corp grew its holdings in EOG Resources by 78.4% in the 4th quarter. Boston Trust Walden Corp now owns 168,522 shares of the energy exploration company’s stock valued at $17,696,000 after buying an additional 74,070 shares in the last quarter. KLP Kapitalforvaltning AS grew its holdings in EOG Resources by 15.5% in the 4th quarter. KLP Kapitalforvaltning AS now owns 390,803 shares of the energy exploration company’s stock valued at $41,038,000 after buying an additional 52,300 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in EOG Resources in the 4th quarter valued at $404,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares of the company’s stock, valued at approximately $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 18,230 shares of company stock valued at $2,522,568. Corporate insiders own 0.14% of the company’s stock.

EOG Resources Stock Performance

NYSE:EOG opened at $133.05 on Thursday. The stock has a fifty day moving average price of $133.11 and a 200-day moving average price of $116.58. The company has a market cap of $71.28 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 2.64 and a beta of 0.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 1.63. EOG Resources, Inc. has a fifty-two week low of $101.59 and a fifty-two week high of $151.87.

EOG Resources (NYSE:EOG) last released its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.07. The firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.74 EPS. As a group, equities analysts anticipate that EOG Resources, Inc. will post 13.45 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Thursday, April 16th. EOG Resources’s dividend payout ratio is presently 44.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EOG shares. UBS Group upped their price objective on EOG Resources from $141.00 to $149.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Wells Fargo & Company upped their price objective on EOG Resources from $155.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Morgan Stanley upped their price objective on EOG Resources from $128.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, March 27th. BMO Capital Markets upped their price objective on EOG Resources from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Finally, Susquehanna upped their price objective on EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eighteen have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $153.68.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.