Parallel Advisors LLC Purchases 96 Shares of EOG Resources, Inc. (NYSE:EOG)

Parallel Advisors LLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,172 shares of the energy exploration company’s stock after acquiring an additional 96 shares during the quarter. Parallel Advisors LLC’s holdings in EOG Resources were worth $879,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Life Planners bought a new position in shares of EOG Resources during the fourth quarter valued at $25,000. Y.D. More Investments Ltd increased its holdings 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 acquiring an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new position in shares of EOG Resources during the fourth quarter valued at $25,000. Decker Retirement Planning Inc. bought a new position in shares of EOG Resources during the fourth quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new position in shares of EOG Resources during the fourth quarter valued at $27,000. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EOG has been the subject of several analyst reports. Mizuho reduced their price target on EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Williams Trading set a $154.00 price objective on EOG Resources in a research report on Wednesday, March 5th. Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their price objective on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.33.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources 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 sale, the chief operating officer now 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 link. Insiders own 0.30% of the company’s stock.

EOG Resources Trading Up 2.0 %

Shares of NYSE:EOG opened at $125.02 on Thursday. EOG Resources, Inc. has a 52-week low of $115.78 and a 52-week 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. The stock has a market capitalization of $69.25 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 3.58 and a beta of 1.25. The stock’s 50-day simple moving average is $129.32 and its two-hundred day simple moving average is $127.49.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share 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 for the quarter, compared to analysts’ expectations of $5.96 billion. Analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

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. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.12%. 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.