Sage Mountain Advisors LLC Acquires 686 Shares of EOG Resources, Inc. (NYSE:EOG)

Sage Mountain Advisors LLC grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 16.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,960 shares of the energy exploration company’s stock after buying an additional 686 shares during the quarter. Sage Mountain Advisors LLC’s holdings in EOG Resources were worth $608,000 at the end of the most recent reporting period.

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

EOG Resources Stock Performance

EOG stock opened at $124.37 on Wednesday. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a market cap of $68.89 billion, a PE ratio of 10.01, a P/E/G ratio of 3.58 and a beta of 1.25. The business’s 50-day moving average price is $129.64 and its two-hundred day moving average price is $127.73.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. As a group, research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio is 34.73%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research report on Friday, January 3rd. UBS Group decreased their price target on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Mizuho lowered their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of “Hold” and an average target price of $146.19.

About EOG Resources

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.