Orion Portfolio Solutions LLC Purchases 1,886 Shares of EOG Resources, Inc. (NYSE:EOG)

Orion Portfolio Solutions LLC grew its position in EOG Resources, Inc. (NYSE:EOG) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,453 shares of the energy exploration company’s stock after purchasing an additional 1,886 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in EOG Resources were worth $3,978,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new stake in EOG Resources during the fourth quarter valued at $1,110,000. Loomis Sayles & Co. L P boosted its holdings in shares of EOG Resources by 26.5% during the 4th quarter. Loomis Sayles & Co. L P now owns 463 shares of the energy exploration company’s stock worth $57,000 after buying an additional 97 shares in the last quarter. NEOS Investment Management LLC grew its position in shares of EOG Resources by 31.4% during the 4th quarter. NEOS Investment Management LLC now owns 36,035 shares of the energy exploration company’s stock worth $4,417,000 after buying an additional 8,609 shares during the period. UniSuper Management Pty Ltd grew its holdings in EOG Resources by 24.4% in the fourth quarter. UniSuper Management Pty Ltd now owns 40,405 shares of the energy exploration company’s stock worth $4,953,000 after purchasing an additional 7,923 shares during the period. Finally, Sava Infond d.o.o. bought a new stake in EOG Resources in the 4th quarter valued at about $2,062,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EOG. Wells Fargo & Company cut their price target on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Bank of America reissued a “neutral” rating and issued a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Mizuho restated a “neutral” rating and set a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. UBS Group reduced their price objective on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Barclays lowered their target price on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $144.67.

EOG Resources Trading Down 0.1 %

NYSE:EOG opened at $126.55 on Monday. The firm’s 50 day moving average is $128.23 and its 200 day moving average is $127.78. EOG Resources, Inc. has a 12 month low of $115.78 and a 12 month high of $139.67. The stock has a market capitalization of $70.10 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 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 for the quarter, compared to analysts’ expectations of $5.96 billion. Sell-side 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 announced 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 of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.08%. EOG Resources’s payout ratio is 34.73%.

Insider Activity

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 value of $483,560.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.