Personal CFO Solutions LLC Boosts Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Personal CFO Solutions LLC lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 112.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,040 shares of the energy exploration company’s stock after acquiring an additional 4,254 shares during the quarter. Personal CFO Solutions LLC’s holdings in EOG Resources were worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Insight Inv LLC boosted its stake in EOG Resources by 0.8% in the third quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock valued at $1,154,000 after acquiring an additional 75 shares in the last quarter. Essex Financial Services Inc. boosted its stake in EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock valued at $753,000 after acquiring an additional 79 shares in the last quarter. Valmark Advisers Inc. boosted its stake in EOG Resources by 2.6% in the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock valued at $385,000 after acquiring an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its stake in EOG Resources by 8.8% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock valued at $121,000 after acquiring an additional 80 shares in the last quarter. Finally, Advisor OS LLC boosted its stake in EOG Resources by 3.1% in the fourth quarter. Advisor OS LLC now owns 2,751 shares of the energy exploration company’s stock valued at $337,000 after acquiring an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

EOG stock opened at $125.41 on Friday. The business has a 50 day moving average of $129.50 and a 200-day moving average of $127.72. EOG Resources, Inc. has a 12-month low of $115.78 and a 12-month high of $139.67. The firm has a market cap of $69.47 billion, a PE ratio of 10.10, a P/E/G ratio of 3.58 and a beta of 1.25. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.11%. EOG Resources’s payout ratio is currently 34.73%.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Wells Fargo & Company raised shares of EOG Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Finally, Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources has an average rating of “Moderate Buy” and a consensus target price of $145.80.

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.