Level Four Advisory Services LLC Grows Stock Holdings in EOG Resources, Inc. $EOG

Key Points

• Level Four Advisory Services LLC increased its stake in EOG Resources by 4.1% during the first quarter, owning a total of 63,582 shares worth approximately $8.15 million.
• EOG Resources announced a quarterly dividend increase to $1.02 per share, representing a 3.5% dividend yield, which will be paid on October 31.
• The company reported a net margin of 25.25% and earnings per share (EPS) of $2.32, surpassing analysts' expectations, despite a 9.1% year-over-year revenue decline.

Level Four Advisory Services LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,582 shares of the energy exploration company's stock after purchasing an additional 2,493 shares during the period. Level Four Advisory Services LLC's holdings in EOG Resources were worth $8,154,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in EOG Resources in the first quarter valued at $26,000. Alpine Bank Wealth Management purchased a new stake in EOG Resources in the first quarter valued at $34,000. Ameriflex Group Inc. purchased a new stake in EOG Resources in the fourth quarter valued at $36,000. 10Elms LLP purchased a new stake in EOG Resources in the fourth quarter valued at $44,000. Finally, Stone House Investment Management LLC purchased a new stake in EOG Resources in the first quarter valued at $48,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Mizuho cut their price target on EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Stephens assumed coverage on EOG Resources in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price target on the stock. Susquehanna lifted their price target on EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. Melius began coverage on EOG Resources in a research report on Wednesday. They set a "buy" rating and a $173.00 price target on the stock. Finally, Jefferies Financial Group restated a "buy" rating and issued a $148.00 price objective (up from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $143.61.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the sale, the chief operating officer owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. The trade was 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 currently owned by company insiders.

EOG Resources Stock Performance

Shares of EOG Resources stock traded up $2.3950 on Friday, reaching $120.9050. 2,245,946 shares of the stock were exchanged, compared to its average volume of 2,796,382. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average price of $120.18 and a two-hundred day moving average price of $119.15. The firm has a market capitalization of $66.01 billion, a PE ratio of 11.75, a PEG ratio of 9.05 and a beta of 0.80.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same period in the previous year, the business posted $3.16 earnings per share. The business's revenue was down 9.1% compared to the same quarter last year. As a group, research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th 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 3.4%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio (DPR) is presently 37.90%.

EOG Resources 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.