Wealth Enhancement Advisory Services LLC Sells 83,070 Shares of EOG Resources, Inc. (NYSE:EOG)

Wealth Enhancement Advisory Services LLC lowered its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 41.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,916 shares of the energy exploration company's stock after selling 83,070 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in EOG Resources were worth $14,454,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wealthfront Advisers LLC increased its stake in EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after purchasing an additional 2,792,092 shares in the last quarter. Capital World Investors boosted its holdings in shares of 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 valued at $5,628,497,000 after buying an additional 2,270,013 shares during the period. Raymond James Financial Inc. acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $171,193,000. Charles Schwab Investment Management Inc. increased its position in shares of EOG Resources by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after acquiring an additional 781,282 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of EOG Resources by 58.6% during the fourth quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company's stock worth $255,139,000 after acquiring an additional 769,362 shares during the period. Institutional investors own 89.91% of the company's stock.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources 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 completion of the transaction, the chief operating officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on EOG. Wall Street Zen cut EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Royal Bank of Canada raised EOG Resources from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Raymond James lifted their target price on EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a research report on Monday. Williams Trading set a $154.00 price target on EOG Resources in a research report on Wednesday, March 5th. Finally, Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and lowered their price objective for the company from $150.00 to $130.00 in a report on Friday, April 11th. Eleven 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.58.

EOG Resources Stock Performance

EOG Resources stock traded down $1.93 during mid-day trading on Wednesday, reaching $110.89. 3,333,912 shares of the company's stock were exchanged, compared to its average volume of 3,279,206. The firm has a market capitalization of $60.52 billion, a PE ratio of 8.93, a P/E/G 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. The business's fifty day simple moving average is $112.16 and its 200 day simple moving average is $122.74. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.82 earnings per share. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a $1.02 dividend. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. This represents a $4.08 annualized dividend and a yield of 3.68%. EOG Resources's dividend payout ratio is presently 36.18%.

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.