EOG Resources, Inc. (NYSE:EOG) Stock Holdings Boosted by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC increased its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 14.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 826,038 shares of the energy exploration company's stock after purchasing an additional 106,677 shares during the quarter. Silvercrest Asset Management Group LLC owned 0.15% of EOG Resources worth $101,256,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mountain Lake Investment Management LLC acquired a new stake in EOG Resources in the 4th quarter valued at about $735,000. Oak Ridge Investments LLC grew its stake in EOG Resources by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company's stock valued at $5,059,000 after acquiring an additional 2,311 shares during the last quarter. Tobam acquired a new stake in EOG Resources in the 4th quarter valued at about $352,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in EOG Resources by 161.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company's stock valued at $550,000 after acquiring an additional 2,773 shares during the last quarter. Finally, Twelve Points Wealth Management LLC grew its stake in EOG Resources by 27.2% in the 4th quarter. Twelve Points Wealth Management LLC now owns 24,579 shares of the energy exploration company's stock valued at $3,013,000 after acquiring an additional 5,259 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EOG shares. Mizuho decreased their price target on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Raymond James reiterated a "strong-buy" rating and set a $140.00 price target on shares of EOG Resources in a report on Monday, April 21st. Royal Bank of Canada upgraded shares of EOG Resources from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Citigroup lowered their price target on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Finally, Williams Trading set a $154.00 price target on shares of EOG Resources in a report on Wednesday, March 5th. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $140.63.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the 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 directly owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

EOG Resources Stock Down 1.3%

EOG traded down $1.51 during trading on Monday, hitting $113.99. The company had a trading volume of 2,863,958 shares, compared to its average volume of 3,295,054. The company has a market cap of $62.21 billion, a PE ratio of 9.18, a P/E/G ratio of 3.58 and a beta of 0.78. The business has a 50-day moving average of $115.84 and a 200-day moving average of $124.32. 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 posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion for 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 firm's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.82 earnings per share. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 annualized dividend and a yield of 3.42%. 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.