Intellectus Partners LLC Buys 3,623 Shares of EOG Resources, Inc. $EOG

Intellectus Partners LLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 57.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,902 shares of the energy exploration company’s stock after acquiring an additional 3,623 shares during the period. Intellectus Partners LLC’s holdings in EOG Resources were worth $1,040,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EOG. Bank of New York Mellon Corp grew its position in shares of EOG Resources by 23.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock valued at $490,394,000 after acquiring an additional 901,897 shares during the period. Capital World Investors grew its position in shares of EOG Resources by 1.4% during the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after acquiring an additional 782,426 shares during the period. Qube Research & Technologies Ltd bought a new position in shares of EOG Resources during the 3rd quarter valued at approximately $87,193,000. Northwestern Mutual Wealth Management Co. grew its position in shares of EOG Resources by 2,410.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 719,426 shares of the energy exploration company’s stock valued at $75,547,000 after acquiring an additional 690,765 shares during the period. Finally, TD Asset Management Inc grew its position in shares of EOG Resources by 288.1% during the 3rd quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock valued at $100,065,000 after acquiring an additional 662,539 shares during the period. 89.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on EOG. Zacks Research downgraded shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Citigroup reaffirmed a “neutral” rating and issued a $147.00 price objective (up from $142.00) on shares of EOG Resources in a report on Wednesday, May 20th. Sanford C. Bernstein cut their price objective on shares of EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a report on Wednesday, May 20th. Finally, Scotiabank raised their price objective on shares of EOG Resources from $123.00 to $139.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $156.32.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This trade represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. The trade was a 3.99% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 12,456 shares of company stock worth $1,788,033. 0.14% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

NYSE EOG opened at $140.79 on Friday. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.72 and a quick ratio of 1.53. The stock has a market capitalization of $74.99 billion, a PE ratio of 13.86 and a beta of 0.25. The company’s 50 day simple moving average is $137.97 and its two-hundred day simple moving average is $122.71.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the prior year, the company posted $2.87 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. Analysts predict that EOG Resources, Inc. will post 15.67 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

EOG Resources Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.