Wealthfront Advisers LLC Has $4.96 Million Holdings in EOG Resources, Inc. $EOG

Wealthfront Advisers LLC lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 19.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,254 shares of the energy exploration company’s stock after selling 11,773 shares during the period. Wealthfront Advisers LLC’s holdings in EOG Resources were worth $4,962,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Torren Management LLC acquired a new stake in shares of EOG Resources in the 4th quarter valued at $54,000. Rogco LP lifted its holdings in EOG Resources by 15.5% in the 4th quarter. Rogco LP now owns 6,383 shares of the energy exploration company’s stock worth $670,000 after purchasing an additional 857 shares during the last quarter. R Squared Ltd lifted its holdings in EOG Resources by 109.8% in the 4th quarter. R Squared Ltd now owns 15,146 shares of the energy exploration company’s stock worth $1,590,000 after purchasing an additional 7,926 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its holdings in EOG Resources by 56.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 99,732 shares of the energy exploration company’s stock worth $10,473,000 after purchasing an additional 35,935 shares during the last quarter. Finally, Anchyra Partners LLC acquired a new stake in EOG Resources in the 4th quarter worth approximately $539,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EOG. JPMorgan Chase & Co. boosted their target price on EOG Resources from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Stephens boosted their target price on EOG Resources from $139.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. Morgan Stanley boosted their target price on EOG Resources from $128.00 to $155.00 and gave the stock an “equal weight” rating in a report on Tuesday. Sanford C. Bernstein boosted their target price on EOG Resources from $126.00 to $167.00 and gave the stock a “market perform” rating in a report on Monday, April 13th. Finally, Piper Sandler boosted their target price on shares of EOG Resources from $144.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have given a Hold rating to the company. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and a consensus target price of $153.68.

EOG Resources Stock Up 1.2%

Shares of EOG stock opened at $140.80 on Friday. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $151.87. The firm has a market cap of $75.43 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 1.80 and a beta of 0.32. The stock has a 50 day moving average of $134.92 and a 200-day moving average of $117.61. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.36 billion. During the same period in the previous year, the company earned $2.74 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that EOG Resources, Inc. will post 14.23 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th were issued a dividend of $1.02 per share. The ex-dividend date was Thursday, April 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.9%. EOG Resources’s payout ratio is 44.79%.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 5,698 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the completion of the transaction, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This represents a 3.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 18,230 shares of company stock valued at $2,522,568. Corporate insiders own 0.14% of the company’s stock.

About EOG Resources

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.