Level Four Advisory Services LLC Buys 3,260 Shares of EOG Resources, Inc. (NYSE:EOG)

Level Four Advisory Services LLC lifted its position in EOG Resources, Inc. (NYSE:EOG) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,089 shares of the energy exploration company’s stock after acquiring an additional 3,260 shares during the quarter. Level Four Advisory Services LLC’s holdings in EOG Resources were worth $7,488,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Financial Life Planners bought a new stake in shares of EOG Resources during the fourth quarter worth $25,000. Y.D. More Investments Ltd lifted its holdings 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 valued at $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC purchased a new stake in EOG Resources in the 4th quarter valued at about $25,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources during the fourth quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 1.8 %

EOG opened at $126.84 on Friday. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. 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 has a market capitalization of $70.26 billion, a PE ratio of 10.21, a P/E/G ratio of 3.58 and a beta of 1.25. The business’s 50 day moving average price is $128.43 and its 200 day moving average price is $127.61.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion during 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%. As a group, equities research analysts expect 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 given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Mizuho reissued a “neutral” rating and issued a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a research note on Tuesday. JPMorgan Chase & Co. dropped their price objective on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Barclays cut their price target on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. UBS Group lowered their price objective on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Thirteen investment 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. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and a consensus price target of $144.67.

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.