Envestnet Portfolio Solutions Inc. Raises Stake in EOG Resources, Inc. (NYSE:EOG)

Envestnet Portfolio Solutions Inc. boosted its position in EOG Resources, Inc. (NYSE:EOG) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,423 shares of the energy exploration company’s stock after buying an additional 726 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in EOG Resources were worth $5,568,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Insight Inv LLC boosted its position in EOG Resources by 0.8% in the third quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company’s stock valued at $1,154,000 after buying an additional 75 shares during the last quarter. Essex Financial Services Inc. boosted its position in EOG Resources by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock worth $753,000 after purchasing an additional 79 shares in the last quarter. Valmark Advisers Inc. boosted its position in EOG Resources by 2.6% in the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock worth $385,000 after purchasing an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its position in EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock worth $121,000 after purchasing an additional 80 shares in the last quarter. Finally, Advisor OS LLC boosted its position in EOG Resources by 3.1% in the 4th quarter. Advisor OS LLC now owns 2,751 shares of the energy exploration company’s stock worth $337,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.8 %

Shares of EOG opened at $122.57 on Wednesday. EOG Resources, Inc. has a 52-week low of $115.78 and a 52-week high of $139.67. The company has a market capitalization of $67.89 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The stock has a fifty day simple moving average of $129.39 and a two-hundred day simple moving average of $127.51. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued 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. 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 during the quarter, compared to the consensus estimate of $5.96 billion. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Analysts Set New Price Targets

EOG has been the topic of several recent research reports. 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. Piper Sandler lowered their price objective on EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Barclays lowered their price objective on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Twelve investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.33.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction dated 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 approximately $5,162,365.67. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

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.