Aviso Financial Inc. Increases Stock Position in EOG Resources, Inc. (NYSE:EOG)

Aviso Financial Inc. grew its holdings in EOG Resources, Inc. (NYSE:EOG) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,563 shares of the energy exploration company’s stock after purchasing an additional 273 shares during the period. Aviso Financial Inc.’s holdings in EOG Resources were worth $804,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Financial Life Planners purchased a new position in EOG Resources in the 4th quarter worth about $25,000. Y.D. More Investments Ltd lifted its position in 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 period. Mainstream Capital Management LLC purchased a new stake in EOG Resources in the fourth quarter worth approximately $25,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources in the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on EOG. 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 target price on shares of EOG Resources in a report on Wednesday, March 5th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced their price objective on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Barclays cut their price target on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $145.86.

EOG Resources Trading Up 2.4 %

NYSE EOG opened at $124.04 on Friday. The firm has a market cap of $68.71 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $129.55 and a 200 day moving average price of $127.62.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS 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 firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 yield of 3.14%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Tuesday, December 31st. The shares were 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 in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through 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.