Peak Retirement Planning Inc. Invests $824,000 in EOG Resources, Inc. (NYSE:EOG)

Peak Retirement Planning Inc. acquired a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,664 shares of the energy exploration company's stock, valued at approximately $824,000.

Other institutional investors have also added to or reduced their stakes in the company. Formidable Asset Management LLC raised its stake in shares of EOG Resources by 4.5% during the fourth quarter. Formidable Asset Management LLC now owns 12,800 shares of the energy exploration company's stock valued at $1,569,000 after acquiring an additional 554 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of EOG Resources during the fourth quarter valued at about $18,856,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of EOG Resources in the fourth quarter worth approximately $1,691,000. Parr Mcknight Wealth Management Group LLC bought a new stake in EOG Resources in the 4th quarter worth about $1,666,000. Finally, Neo Ivy Capital Management boosted its position in EOG Resources by 15,497.9% in the fourth quarter. Neo Ivy Capital Management now owns 22,461 shares of the energy exploration company's stock worth $2,753,000 after purchasing an additional 22,317 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their target price for the company from $150.00 to $130.00 in a research report on Friday, April 11th. JPMorgan Chase & Co. decreased their target price on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company dropped their price target on EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Mizuho decreased their price objective on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Wall Street Zen downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Eleven 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $139.79.

EOG Resources Price Performance

Shares of EOG stock traded up $1.02 during trading on Tuesday, hitting $111.20. The company had a trading volume of 2,475,129 shares, compared to its average volume of 3,287,803. The stock's 50-day moving average is $114.41 and its two-hundred day moving average is $123.73. The stock has a market capitalization of $60.69 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. 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 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. The business had revenue of $5.84 billion during 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 business's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.82 EPS. As a group, analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a yield of 3.51%. EOG Resources's payout ratio is 36.18%.

EOG Resources Company 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.