EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lifted its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 320.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,357 shares of the energy exploration company's stock after purchasing an additional 8,656 shares during the period. Focus Partners Advisor Solutions LLC's holdings in EOG Resources were worth $1,392,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its position in shares of EOG Resources by 4,642.2% during 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 period. Capital World Investors grew its stake in 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 purchasing an additional 2,270,013 shares in the last quarter. Raymond James Financial Inc. bought a new position in EOG Resources in the fourth quarter worth approximately $171,193,000. Charles Schwab Investment Management Inc. raised its position in EOG Resources by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after purchasing an additional 781,282 shares in the last quarter. Finally, Deutsche Bank AG raised its position in EOG Resources by 58.6% during the 4th quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company's stock valued at $255,139,000 after purchasing an additional 769,362 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Price Performance

Shares of EOG Resources stock traded down $0.58 on Friday, reaching $110.22. The company's stock had a trading volume of 1,993,260 shares, compared to its average volume of 3,291,067. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $60.15 billion, a P/E ratio of 8.87, a PEG ratio of 3.58 and a beta of 0.78. The stock has a 50-day moving average price of $114.71 and a 200-day moving average price of $123.89. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18.

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. The firm had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 EPS. Analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.54%. The ex-dividend date is Thursday, July 17th. EOG Resources's payout ratio is 36.18%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EOG. Bank of America decreased their price objective on EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a report on Friday. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their price objective for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Piper Sandler lowered their target price on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered their price objective on EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Eleven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $139.79.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is 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.