Artisan Partners Limited Partnership Has $151.13 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Artisan Partners Limited Partnership grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 21.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,232,895 shares of the energy exploration company’s stock after buying an additional 218,129 shares during the period. Artisan Partners Limited Partnership’s holdings in EOG Resources were worth $151,128,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Financial Life Planners acquired a new position in EOG Resources in the 4th quarter valued at approximately $25,000. Y.D. More Investments Ltd grew its holdings in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 121 shares in the last quarter. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources in the fourth quarter worth $25,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources during the fourth quarter valued at $27,000. Finally, Keystone Financial Group Inc. purchased a new position in EOG Resources in the fourth quarter valued at about $27,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EOG has been the subject of several research reports. Williams Trading set a $154.00 price target on EOG Resources in a report on Wednesday, March 5th. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Raymond James raised their target price on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Bank of America reaffirmed a “neutral” rating and issued a $144.00 price target (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $144.95.

EOG Resources Price Performance

Shares of EOG stock opened at $129.12 on Thursday. The firm has a market cap of $71.52 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 3.58 and a beta of 1.25. The stock’s fifty day simple moving average is $128.65 and its 200 day simple moving average is $127.61. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is currently 34.73%.

EOG Resources 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.