Snowden Capital Advisors LLC Boosts Stake in EOG Resources, Inc. (NYSE:EOG)

Snowden Capital Advisors LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 25.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,072 shares of the energy exploration company's stock after acquiring an additional 2,440 shares during the period. Snowden Capital Advisors LLC's holdings in EOG Resources were worth $1,480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mountain Lake Investment Management LLC bought a new stake in shares of EOG Resources during the fourth quarter worth about $735,000. Silvercrest Asset Management Group LLC increased its position in shares of EOG Resources by 14.8% during the fourth 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. Oak Ridge Investments LLC increased its position in shares of EOG Resources by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company's stock worth $5,059,000 after acquiring an additional 2,311 shares in the last quarter. Tobam bought a new stake in shares of EOG Resources during the fourth quarter worth about $352,000. Finally, Twelve Points Wealth Management LLC increased its position in shares of EOG Resources by 27.2% during the fourth quarter. Twelve Points Wealth Management LLC now owns 24,579 shares of the energy exploration company's stock worth $3,013,000 after acquiring an additional 5,259 shares in the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Stock Performance

Shares of EOG stock traded down $0.58 during trading on Friday, reaching $110.22. 1,993,260 shares of the company's stock traded hands, compared to its average volume of 3,291,067. 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 company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm's 50-day moving average is $114.71 and its 200 day moving average is $123.91. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18.

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 (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same period in the prior year, the company posted $2.82 EPS. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. Equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on EOG shares. Barclays decreased their target price on shares of EOG Resources from $140.00 to $137.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Bank of America reduced their price objective on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research report on Friday. Morgan Stanley upped their price objective on shares of EOG Resources from $131.00 to $132.00 and gave the stock an "equal weight" rating in a research report on Friday. Wells Fargo & Company reduced their price objective on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of EOG Resources in a research report on Tuesday. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company 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 stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company's stock.

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.