ORG Wealth Partners LLC Increases Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

ORG Wealth Partners LLC grew its position in EOG Resources, Inc. (NYSE:EOG) by 7,171.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,671 shares of the energy exploration company’s stock after buying an additional 9,538 shares during the quarter. ORG Wealth Partners LLC’s holdings in EOG Resources were worth $1,254,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Silvercrest Asset Management Group LLC increased its position in EOG Resources by 14.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company’s stock worth $101,256,000 after purchasing an additional 106,677 shares in the last quarter. Marble Harbor Investment Counsel LLC increased its position in EOG Resources by 3.2% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company’s stock worth $12,630,000 after purchasing an additional 3,150 shares in the last quarter. Signet Financial Management LLC increased its position in EOG Resources by 15.3% during the 1st quarter. Signet Financial Management LLC now owns 29,292 shares of the energy exploration company’s stock worth $3,756,000 after purchasing an additional 3,890 shares in the last quarter. Northside Capital Management LLC purchased a new stake in EOG Resources in the 1st quarter valued at about $27,102,000. Finally, Wesbanco Bank Inc. grew its holdings in EOG Resources by 5.0% in the 1st quarter. Wesbanco Bank Inc. now owns 108,987 shares of the energy exploration company’s stock valued at $13,977,000 after buying an additional 5,192 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s 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 transaction, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at $6,098,240.32. This represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EOG has been the subject of several recent analyst reports. Citigroup lowered their price target on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Morgan Stanley set a $135.00 price target on EOG Resources and gave the company an “equal weight” rating in a report on Monday, June 2nd. Mizuho lowered their price target on EOG Resources from $140.00 to $134.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company lifted their price target on EOG Resources from $146.00 to $148.00 and gave the company an “overweight” rating in a report on Monday. Finally, Barclays lifted their price target on EOG Resources from $137.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, June 2nd. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.95.

EOG Resources Stock Performance

EOG Resources stock opened at $123.79 on Thursday. The stock’s 50 day moving average price is $112.77 and its 200 day moving average price is $121.71. The firm has a market capitalization of $67.56 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 10.18 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.75 by $0.12. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. EOG Resources’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 EPS. As a group, sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.30%. EOG Resources’s payout ratio is 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.