Avantax Planning Partners Inc. Has $4.10 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Avantax Planning Partners Inc. grew its stake in EOG Resources, Inc. (NYSE:EOG) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,457 shares of the energy exploration company’s stock after purchasing an additional 1,129 shares during the period. Avantax Planning Partners Inc.’s holdings in EOG Resources were worth $4,101,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EOG. Insight Inv LLC increased its stake in EOG Resources by 0.8% during 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 during the period. Essex Financial Services Inc. lifted its position 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 worth $753,000 after purchasing an additional 79 shares during the period. Valmark Advisers Inc. boosted its stake in EOG Resources by 2.6% during the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock worth $385,000 after buying an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators increased its holdings in EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock valued at $121,000 after buying an additional 80 shares during the period. Finally, Advisor OS LLC raised its stake in shares of EOG Resources by 3.1% in the 4th quarter. Advisor OS LLC now owns 2,751 shares of the energy exploration company’s stock valued at $337,000 after buying an additional 82 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EOG. Barclays lowered their target price on shares of EOG Resources from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Mizuho dropped their target price on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Wells Fargo & Company raised EOG Resources from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. UBS Group lowered their price target on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, Raymond James lifted their price objective on EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $146.19.

EOG Resources Trading Up 0.5 %

NYSE:EOG opened at $125.83 on Tuesday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The firm has a market capitalization of $69.70 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 3.58 and a beta of 1.25. The business’s 50-day moving average price is $129.60 and its two-hundred day moving average price is $127.75.

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

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is 34.73%.

Insiders Place Their Bets

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

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.