EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 585.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,207 shares of the energy exploration company’s stock after purchasing an additional 13,841 shares during the period. EOG Resources makes up about 0.6% of Sherbrooke Park Advisers LLC’s portfolio, making the stock its 3rd biggest position. Sherbrooke Park Advisers LLC’s holdings in EOG Resources were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Life Planners purchased a new stake in EOG Resources during the 4th quarter valued at about $25,000. Y.D. More Investments Ltd boosted its position in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in EOG Resources in the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources during the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in EOG Resources during the 4th quarter valued at approximately $27,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

EOG Resources Stock Up 0.2%

Shares of NYSE:EOG opened at $115.79 on Friday. The firm has a market capitalization of $63.20 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm’s 50-day moving average is $116.02 and its two-hundred day moving average is $124.31.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm’s revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.82 EPS. Analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be paid a $0.975 dividend. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a yield of 3.37%. EOG Resources’s dividend payout ratio is currently 36.18%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EOG shares. Citigroup decreased their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Williams Trading set a $154.00 target price on EOG Resources in a research note on Wednesday, March 5th. Susquehanna reduced their price target on EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley lowered their price objective on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th. Finally, Mizuho dropped their price objective on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating on the stock in a research note on Tuesday. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.63.

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.