Smartleaf Asset Management LLC Purchases 1,339 Shares of EOG Resources, Inc. (NYSE:EOG)

Smartleaf Asset Management LLC increased its position in EOG Resources, Inc. (NYSE:EOG) by 58.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,623 shares of the energy exploration company’s stock after buying an additional 1,339 shares during the period. Smartleaf Asset Management LLC’s holdings in EOG Resources were worth $437,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of EOG. Franklin Resources Inc. boosted its stake in shares of EOG Resources by 64.7% in the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company’s stock worth $694,717,000 after acquiring an additional 2,076,134 shares during the period. Fisher Asset Management LLC lifted its holdings in EOG Resources by 856.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,200,851 shares of the energy exploration company’s stock worth $147,621,000 after purchasing an additional 1,075,334 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in EOG Resources by 577.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 696,596 shares of the energy exploration company’s stock worth $85,389,000 after purchasing an additional 593,823 shares during the period. Proficio Capital Partners LLC purchased a new stake in EOG Resources during the 4th quarter valued at approximately $60,284,000. Finally, Empower Advisory Group LLC raised its position in shares of EOG Resources by 21,218.1% during the fourth quarter. Empower Advisory Group LLC now owns 352,602 shares of the energy exploration company’s stock valued at $43,222,000 after buying an additional 350,948 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 1.4 %

Shares of EOG opened at $122.21 on Wednesday. The company’s fifty day simple moving average is $129.34 and its 200-day simple moving average is $127.80. The company has a market cap of $68.74 billion, a P/E ratio of 9.84, a P/E/G ratio of 3.58 and a beta of 1.27. 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, Inc. has a twelve month low of $115.40 and a twelve month high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. As a group, analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources declared that its Board of Directors has approved a share buyback program on Thursday, November 7th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is currently 34.73%.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated 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 owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research reports. UBS Group dropped their target price on shares of EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Morgan Stanley reduced their target price on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating on the stock in a report on Monday. Piper Sandler increased their price target on EOG Resources from $140.00 to $141.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.10.

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.