Ritholtz Wealth Management Has $1.65 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Ritholtz Wealth Management lifted its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 117.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,836 shares of the energy exploration company's stock after acquiring an additional 6,926 shares during the period. Ritholtz Wealth Management's holdings in EOG Resources were worth $1,646,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of EOG. Wealthfront Advisers LLC grew its stake in shares of EOG Resources by 4,642.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after acquiring an additional 2,792,092 shares during the last quarter. Capital World Investors grew its stake in shares of EOG Resources by 5.2% in the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after acquiring an additional 2,270,013 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of EOG Resources in the fourth quarter worth $171,193,000. GAMMA Investing LLC grew its stake in shares of EOG Resources by 14,784.1% in the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock worth $164,323,000 after acquiring an additional 1,272,765 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after acquiring an additional 781,282 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Price Performance

Shares of EOG Resources stock traded down $0.85 during trading on Wednesday, reaching $123.79. The company's stock had a trading volume of 4,553,001 shares, compared to its average volume of 3,355,217. The stock has a 50-day moving average price of $112.57 and a two-hundred day moving average price of $121.70. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The stock has a market capitalization of $67.56 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 10.18 and a beta of 0.74.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. During the same period in the previous year, the business posted $2.82 earnings per share. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.30%. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's payout ratio is currently 36.18%.

Analysts Set New Price Targets

Several brokerages recently commented on EOG. Stephens began coverage on EOG Resources in a research report on Tuesday. They issued an "equal weight" rating and a $137.00 target price for the company. Wells Fargo & Company raised their target price on EOG Resources from $146.00 to $148.00 and gave the stock an "overweight" rating in a research report on Monday. Raymond James Financial raised their target price on EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a research report on Monday, June 2nd. Citigroup reduced their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, Mizuho reduced their target price on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $139.95.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company 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.