EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its holdings in EOG Resources, Inc. (NYSE:EOG) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340,152 shares of the energy exploration company’s stock after purchasing an additional 35,823 shares during the quarter. Sei Investments Co. owned approximately 0.06% of EOG Resources worth $41,697,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EOG. Moors & Cabot Inc. bought a new stake in shares of EOG Resources during the 3rd quarter valued at about $208,000. Great Valley Advisor Group Inc. raised its position in shares of EOG Resources by 5.8% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,743 shares of the energy exploration company’s stock worth $214,000 after purchasing an additional 95 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of EOG Resources by 41.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 4,490 shares of the energy exploration company’s stock worth $552,000 after purchasing an additional 1,305 shares during the last quarter. Swedbank AB boosted its position in EOG Resources by 132.0% during the 3rd quarter. Swedbank AB now owns 223,432 shares of the energy exploration company’s stock valued at $27,466,000 after purchasing an additional 127,126 shares during the period. Finally, Larson Financial Group LLC grew its stake in EOG Resources by 53.2% during the 3rd quarter. Larson Financial Group LLC now owns 4,213 shares of the energy exploration company’s stock worth $518,000 after buying an additional 1,463 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction 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 transaction, the chief operating officer now owns 42,703 shares in the company, valued at approximately $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EOG shares. Mizuho reduced their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Wolfe Research upgraded shares of EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Friday, January 3rd. 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. Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Finally, Bank of America reiterated a “neutral” rating and set a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Twelve investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.33.

EOG Resources Price Performance

NYSE EOG opened at $128.35 on Tuesday. The stock has a market capitalization of $71.10 billion, a P/E ratio of 10.33, a P/E/G ratio of 3.58 and a beta of 1.25. 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 business’s fifty day moving average is $128.99 and its two-hundred day moving average is $127.55. EOG Resources, Inc. has a 1 year low of $115.78 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG) last announced its earnings results 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. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) 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.