Silvercrest Asset Management Group LLC Buys 106,677 Shares of EOG Resources, Inc. (NYSE:EOG)

Silvercrest Asset Management Group LLC raised its stake in EOG Resources, Inc. (NYSE:EOG) by 14.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 826,038 shares of the energy exploration company’s stock after buying an additional 106,677 shares during the period. Silvercrest Asset Management Group LLC’s holdings in EOG Resources were worth $101,256,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors increased its position in EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock valued at $5,628,497,000 after purchasing an additional 2,270,013 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of EOG Resources by 4.5% in the 4th 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 purchasing an additional 781,282 shares during the period. Geode Capital Management LLC grew its stake in EOG Resources by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company’s stock worth $1,541,282,000 after purchasing an additional 234,067 shares during the period. Northern Trust Corp lifted its stake in EOG Resources by 2.9% in the fourth quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company’s stock valued at $701,036,000 after buying an additional 159,216 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of EOG Resources by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company’s stock valued at $696,990,000 after acquiring an additional 365,115 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EOG has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Scotiabank raised EOG Resources from a “sector perform” rating to a “sector outperform” rating and dropped their price target for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. KeyCorp reduced their price objective on EOG Resources from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Raymond James reaffirmed a “strong-buy” rating and set a $140.00 target price on shares of EOG Resources in a research report on Monday, April 21st. Finally, Barclays cut their target price on EOG Resources from $140.00 to $137.00 and set an “equal weight” rating on the stock in a report on Friday, May 2nd. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $140.63.

EOG Resources Stock Performance

NYSE:EOG opened at $115.79 on Friday. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The business’s fifty day moving average is $116.02 and its 200 day moving average is $124.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market cap of $63.20 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter last year, the company posted $2.82 EPS. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. Research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 36.18%.

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.