EOG Resources, Inc. $EOG Shares Purchased by Assetmark Inc.

Key Points

• Assetmark Inc. boosted its stake in EOG by 18.9% in Q4 to 152,199 shares (adding 24,140 shares), valued at about $15.98 million.
• EOG beat quarterly estimates, reporting EPS of $2.27 versus $2.20 expected and revenue of $5.64 billion versus $5.36 billion, with a 22% net margin and 18.67% ROE.
• EOG announced a quarterly dividend of $1.02 ($4.08 annualized) for a ~3.0% yield, while the stock holds a MarketBeat consensus rating of "Hold" with a $151.11 target.

Assetmark Inc. boosted its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 18.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 152,199 shares of the energy exploration company's stock after purchasing an additional 24,140 shares during the period. Assetmark Inc.'s holdings in EOG Resources were worth $15,982,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. JCIC Asset Management Inc. acquired a new position in EOG Resources during the 3rd quarter worth about $32,000. Olistico Wealth LLC purchased a new stake in EOG Resources during the 4th quarter worth approximately $33,000. Salomon & Ludwin LLC increased its stake in EOG Resources by 122.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 323 shares of the energy exploration company's stock worth $36,000 after buying an additional 178 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in EOG Resources during the 3rd quarter worth approximately $37,000. Finally, Quent Capital LLC acquired a new stake in EOG Resources during the 3rd quarter worth approximately $37,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of EOG stock opened at $133.90 on Friday. The stock has a market capitalization of $71.73 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 2.77 and a beta of 0.32. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The stock's 50-day moving average price is $131.82 and its 200 day moving average price is $116.01. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping the consensus estimate 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 for the quarter was up .9% on a year-over-year basis. During the same period last year, the company earned $2.74 earnings per share. As a group, equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 16th. EOG Resources's dividend payout ratio is 44.79%.

Analyst Ratings Changes

EOG has been the topic of a number of recent research reports. Raymond James Financial upped their price objective on EOG Resources from $157.00 to $185.00 and gave the stock a "strong-buy" rating in a research report on Friday, March 27th. Barclays upped their price target on EOG Resources from $133.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday, March 16th. Zacks Research upgraded EOG Resources from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd. Morgan Stanley raised their price objective on shares of EOG Resources from $128.00 to $155.00 and gave the company an "equal weight" rating in a report on Friday, March 27th. Finally, Susquehanna lowered their target price on shares of EOG Resources from $151.00 to $144.00 and set a "positive" rating for the company in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $151.11.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction that occurred on Tuesday, March 31st. The shares were 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 approximately $13,234,924.40. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the business's stock in a transaction that occurred 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 directly owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,230 shares of company stock valued at $2,522,568 in the last quarter. 0.14% of the stock is currently owned by company insiders.

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.

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