Envestnet Portfolio Solutions Inc. Has $4.95 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Envestnet Portfolio Solutions Inc. reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 15.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 38,564 shares of the energy exploration company's stock after selling 6,859 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in EOG Resources were worth $4,945,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Silvercrest Asset Management Group LLC grew its stake in shares of EOG Resources by 14.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock worth $101,256,000 after acquiring an additional 106,677 shares in the last quarter. Marble Harbor Investment Counsel LLC grew its stake in shares of EOG Resources by 3.2% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company's stock worth $12,630,000 after acquiring an additional 3,150 shares in the last quarter. CWA Asset Management Group LLC grew its stake in shares of EOG Resources by 15.3% during the 1st quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company's stock worth $2,609,000 after acquiring an additional 2,697 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of EOG Resources by 37.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock worth $20,852,000 after acquiring an additional 44,687 shares in the last quarter. Finally, Signet Financial Management LLC grew its stake in shares of EOG Resources by 15.3% during the 1st quarter. Signet Financial Management LLC now owns 29,292 shares of the energy exploration company's stock worth $3,756,000 after acquiring an additional 3,890 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EOG has been the subject of several research reports. Stephens initiated coverage on shares of EOG Resources in a research note on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price target for the company. Bank of America decreased their price target on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Barclays raised their target price on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Citigroup decreased their target price on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Finally, Williams Trading set a $154.00 target price on shares of EOG Resources in a research note on Wednesday, March 5th. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EOG Resources currently has a consensus rating of "Moderate Buy" and an average price target of $139.48.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's 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 transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company's stock.

EOG Resources Stock Performance

Shares of EOG traded down $3.20 during midday trading on Monday, reaching $122.12. 5,076,191 shares of the stock were exchanged, compared to its average volume of 3,379,038. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. 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 company has a market cap of $66.65 billion, a P/E ratio of 10.75, a PEG ratio of 10.24 and a beta of 0.74. The stock's 50 day simple moving average is $113.49 and its 200 day simple moving average is $121.50.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping 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 company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter last year, the firm earned $2.82 earnings per share. The company's revenue was down 7.4% on a year-over-year basis. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.34%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio (DPR) is currently 36.18%.

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.