Telemus Capital LLC Purchases 4,148 Shares of EOG Resources, Inc. (NYSE:EOG)

Telemus Capital LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,165 shares of the energy exploration company’s stock after acquiring an additional 4,148 shares during the quarter. Telemus Capital LLC’s holdings in EOG Resources were worth $5,826,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in EOG Resources by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock worth $1,639,903,000 after acquiring an additional 145,691 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of EOG Resources by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock valued at $1,462,966,000 after buying an additional 892,951 shares in the last quarter. Morgan Stanley increased its stake in shares of EOG Resources by 1.5% in the third quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock valued at $987,432,000 after buying an additional 116,860 shares in the last quarter. Northern Trust Corp increased its stake in shares of EOG Resources by 3.1% in the third quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company’s stock valued at $793,607,000 after buying an additional 185,882 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of EOG Resources by 15.2% in the third quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock valued at $443,088,000 after buying an additional 460,872 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on EOG shares. Stifel Nicolaus lowered their price objective on EOG Resources from $163.00 to $153.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Morgan Stanley boosted their price target on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Citigroup boosted their price target on EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, March 18th. Susquehanna boosted their price target on EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research report on Monday. Finally, StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research report on Monday. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $142.33.

EOG Resources Stock Up 0.5 %

EOG stock opened at $133.90 on Tuesday. The stock has a market cap of $77.02 billion, a P/E ratio of 10.29 and a beta of 1.40. The stock’s fifty day simple moving average is $123.87 and its two-hundred day simple moving average is $122.16. The company has a current ratio of 2.44, a quick ratio of 2.13 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1-year low of $106.32 and a 1-year high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the previous year, the firm posted $3.30 earnings per share. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. Analysts expect that EOG Resources, Inc. will post 12.07 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Monday, April 15th. EOG Resources’s payout ratio is 27.98%.

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.