Vestmark Advisory Solutions Inc. Makes New Investment in EOG Resources, Inc. (NYSE:EOG)

Vestmark Advisory Solutions Inc. purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,291 shares of the energy exploration company’s stock, valued at approximately $281,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DRW Securities LLC grew its position in EOG Resources by 98.6% during the 3rd quarter. DRW Securities LLC now owns 26,838 shares of the energy exploration company’s stock worth $3,299,000 after purchasing an additional 13,324 shares during the period. Caprock Group LLC grew its position in shares of EOG Resources by 7.7% during the 3rd quarter. Caprock Group LLC now owns 12,112 shares of the energy exploration company’s stock valued at $1,489,000 after acquiring an additional 862 shares during the period. World Investment Advisors LLC acquired a new stake in shares of EOG Resources during the 3rd quarter valued at about $730,000. Mountain Lake Investment Management LLC acquired a new stake in shares of EOG Resources during the 4th quarter valued at about $735,000. Finally, Oak Ridge Investments LLC grew its position in shares of EOG Resources by 5.9% during the 4th 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 period. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on EOG shares. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. Mizuho dropped their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. UBS Group dropped their target price 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. Barclays dropped their target price on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Friday, February 28th. Finally, Morgan Stanley lowered their price objective on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, EOG Resources presently has an average rating of “Moderate Buy” and a consensus price target of $145.80.

EOG Resources Stock Up 2.6 %

EOG stock opened at $125.41 on Monday. The firm has a market cap of $69.47 billion, a PE ratio of 10.10, a PEG ratio of 3.58 and a beta of 1.25. 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 firm’s 50 day moving average price is $129.50 and its 200-day moving average price is $127.74. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed 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 is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.11%. EOG Resources’s dividend payout ratio is presently 34.73%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by corporate insiders.

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.