EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Level Four Advisory Services LLC

Level Four Advisory Services LLC boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 5.6% in the 4th quarter, Holdings Channel reports. The firm owned 61,089 shares of the energy exploration company’s stock after purchasing an additional 3,260 shares during the period. Level Four Advisory Services LLC’s holdings in EOG Resources were worth $7,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Great Valley Advisor Group Inc. boosted its stake in shares of EOG Resources by 5.8% during the third quarter. Great Valley Advisor Group Inc. now owns 1,743 shares of the energy exploration company’s stock worth $214,000 after buying an additional 95 shares during the period. Kingsview Wealth Management LLC grew its stake in shares of EOG Resources by 41.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 4,490 shares of the energy exploration company’s stock valued at $552,000 after purchasing an additional 1,305 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of EOG Resources by 9.4% in the third quarter. Private Trust Co. NA now owns 1,683 shares of the energy exploration company’s stock valued at $207,000 after purchasing an additional 144 shares during the period. Quantbot Technologies LP purchased a new stake in shares of EOG Resources during the third quarter worth approximately $1,443,000. Finally, Avestar Capital LLC lifted its holdings in shares of EOG Resources by 37.8% during the third quarter. Avestar Capital LLC now owns 2,594 shares of the energy exploration company’s stock worth $319,000 after purchasing an additional 711 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EOG shares. Truist Financial increased their price target on shares of EOG Resources from $135.00 to $137.00 and gave the company a “hold” rating in a report on Monday, January 13th. Wells Fargo & Company reduced 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 report on Thursday, March 13th. JPMorgan Chase & Co. lowered their price target on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Barclays decreased their target price on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Finally, StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Thirteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $144.67.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the completion of the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Down 1.8 %

EOG Resources stock opened at $126.84 on Friday. The firm has a market capitalization of $70.26 billion, a P/E ratio of 10.21, a P/E/G ratio of 3.58 and a beta of 1.25. The company has a 50-day simple moving average of $128.43 and a 200-day simple moving average of $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 quick ratio of 2.07 and a current ratio of 2.31.

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

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.07%. EOG Resources’s dividend payout ratio is currently 34.73%.

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.