Waverly Advisors LLC Makes New $399,000 Investment in EOG Resources, Inc. (NYSE:EOG)

Waverly Advisors LLC acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,255 shares of the energy exploration company's stock, valued at approximately $399,000.

Other large investors have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new position in EOG Resources during the fourth quarter worth $25,000. Y.D. More Investments Ltd lifted its stake in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC bought a new stake in EOG Resources in the fourth quarter valued at $25,000. Keystone Financial Group Inc. bought a new stake in EOG Resources in the fourth quarter valued at $27,000. Finally, Lee Danner & Bass Inc. bought a new stake in EOG Resources in the fourth quarter valued at $28,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Price Performance

EOG Resources stock traded down $1.65 during midday trading on Friday, hitting $108.23. The company's stock had a trading volume of 1,844,486 shares, compared to its average volume of 3,267,990. 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 stock's 50-day moving average price is $113.49 and its 200-day moving average price is $123.39. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a market capitalization of $59.07 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 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 firm had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same period in the previous year, the business earned $2.82 earnings per share. EOG Resources's revenue for the quarter was down 7.4% compared to the same quarter last year. Analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm 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 $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.60%. The ex-dividend date is Thursday, July 17th. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wall Street Zen cut EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Williams Trading set a $154.00 target price on EOG Resources in a research note on Wednesday, March 5th. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their target price for the company from $150.00 to $130.00 in a research note on Friday, April 11th. Bank of America cut their target price on EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Finally, Wells Fargo & Company cut their target price on EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $139.79.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated 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 approximately $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

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.