Evergreen Private Wealth LLC Has $3.22 Million Position in EOG Resources, Inc. $EOG

Evergreen Private Wealth LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 14.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 30,676 shares of the energy exploration company’s stock after purchasing an additional 3,761 shares during the quarter. Evergreen Private Wealth LLC’s holdings in EOG Resources were worth $3,221,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Capital World Investors boosted its holdings in EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after acquiring an additional 782,426 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in EOG Resources in the third quarter worth approximately $87,193,000. TD Asset Management Inc boosted its holdings in EOG Resources by 288.1% in the third quarter. TD Asset Management Inc now owns 892,482 shares of the energy exploration company’s stock worth $100,065,000 after acquiring an additional 662,539 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in EOG Resources by 140.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,102,999 shares of the energy exploration company’s stock worth $115,826,000 after acquiring an additional 644,569 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in EOG Resources by 1,697.1% in the fourth quarter. SG Americas Securities LLC now owns 600,024 shares of the energy exploration company’s stock worth $63,009,000 after acquiring an additional 566,635 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on EOG shares. Jefferies Financial Group increased their price target on EOG Resources from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Susquehanna increased their price target on EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a report on Tuesday. Citigroup cut their price target on EOG Resources from $150.00 to $142.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Mizuho raised their target price on EOG Resources from $146.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, April 1st. Finally, Barclays raised their target price on EOG Resources from $133.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eighteen have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $153.68.

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 stock was sold at an average price of $150.32, for a total transaction of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares in the company, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 value of $582,706.44. Following the sale, the chief financial officer owned 100,246 shares in the company, valued at $14,038,449.84. This trade represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,230 shares of company stock worth $2,522,568 over the last quarter. 0.14% of the stock is currently owned by corporate insiders.

EOG Resources Stock Up 0.5%

EOG stock opened at $133.05 on Thursday. EOG Resources, Inc. has a twelve month low of $101.59 and a twelve month high of $151.87. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average is $133.11 and its 200-day moving average is $116.58. The firm has a market capitalization of $71.28 billion, a PE ratio of 14.60, a P/E/G ratio of 2.64 and a beta of 0.32.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $5.36 billion. During the same quarter last year, the company earned $2.74 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts expect that EOG Resources, Inc. will post 13.45 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Thursday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 44.79%.

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.