Focus Partners Wealth Has $44.31 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Focus Partners Wealth lifted its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 199.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 361,339 shares of the energy exploration company's stock after purchasing an additional 240,532 shares during the quarter. Focus Partners Wealth owned 0.06% of EOG Resources worth $44,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in EOG. Wealthfront Advisers LLC lifted its position in shares of EOG Resources by 4,642.2% in the fourth 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 raised its position in EOG Resources by 5.2% during 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 acquiring an additional 2,270,013 shares in the last quarter. Raymond James Financial Inc. bought a new position in EOG Resources during the fourth quarter valued at approximately $171,193,000. Charles Schwab Investment Management Inc. raised its position in 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 valued at $2,230,014,000 after acquiring an additional 781,282 shares in the last quarter. Finally, Deutsche Bank AG raised its position in 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 valued at $255,139,000 after acquiring an additional 769,362 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction 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 sale, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. The trade was a 7.80% 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 corporate insiders.

EOG Resources Stock Performance

Shares of EOG Resources stock traded down $1.13 during midday trading on Wednesday, hitting $115.52. The company had a trading volume of 3,878,499 shares, compared to its average volume of 3,287,066. The business's 50 day simple moving average is $116.42 and its two-hundred day simple moving average is $124.42. The stock has a market cap of $63.05 billion, a PE ratio of 9.30, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. 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 announced its quarterly earnings data 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. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. EOG Resources's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the company posted $2.82 earnings per share. As a group, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a $0.975 dividend. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.38%. EOG Resources's payout ratio is 36.18%.

Analyst Ratings Changes

Several brokerages recently weighed in on EOG. Williams Trading set a $154.00 price objective on shares of EOG Resources in a research report on Wednesday, March 5th. Wells Fargo & Company cut their price objective on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Raymond James reaffirmed a "strong-buy" rating and set a $140.00 price objective on shares of EOG Resources in a research report on Monday, April 21st. Barclays cut their price objective on shares of EOG Resources from $140.00 to $137.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Finally, Piper Sandler dropped their price target on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $140.63.

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.