Envestnet Asset Management Inc. Has $278.65 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Envestnet Asset Management Inc. raised its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,172,913 shares of the energy exploration company's stock after acquiring an additional 121,586 shares during the period. Envestnet Asset Management Inc. owned about 0.39% of EOG Resources worth $278,654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EOG. Bank Pictet & Cie Europe AG grew its stake in EOG Resources by 56.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock valued at $30,449,000 after acquiring an additional 89,521 shares during the period. Proficio Capital Partners LLC acquired a new position in EOG Resources in the fourth quarter valued at about $492,000. Vestmark Advisory Solutions Inc. acquired a new position in EOG Resources in the fourth quarter valued at about $281,000. Callan Family Office LLC acquired a new position in EOG Resources in the fourth quarter valued at about $374,000. Finally, Banco Santander S.A. lifted its holdings in shares of EOG Resources by 49.6% in the fourth quarter. Banco Santander S.A. now owns 5,302 shares of the energy exploration company's stock valued at $650,000 after purchasing an additional 1,757 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on EOG. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their price target for the company from $150.00 to $130.00 in a report on Friday, April 11th. UBS Group restated a "buy" rating and issued a $140.00 price target (up from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. KeyCorp cut their price target on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Stephens began coverage on EOG Resources in a report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price target on the stock. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $145.00 price target on shares of EOG Resources in a report on Friday, June 20th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.48.

EOG Resources Price Performance

NYSE:EOG opened at $119.77 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. The stock's 50 day moving average price is $115.89 and its two-hundred day moving average price is $121.29. The firm has a market capitalization of $65.37 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 9.94 and a beta of 0.76. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. The firm 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 22.35% and a net margin of 26.14%. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.82 earnings per share. On average, analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $1.02 dividend. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 annualized dividend and a yield of 3.41%. EOG Resources's dividend payout ratio is currently 36.18%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the sale, the chief operating officer owned 45,739 shares in the company, valued at $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by corporate insiders.

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.

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