Janiczek Wealth Management LLC Grows Stake in EOG Resources, Inc. (NYSE:EOG)

Janiczek Wealth Management LLC increased its stake in EOG Resources, Inc. (NYSE:EOG) by 22.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,317 shares of the energy exploration company’s stock after acquiring an additional 960 shares during the period. Janiczek Wealth Management LLC’s holdings in EOG Resources were worth $680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Capital World Investors raised its stake in shares of EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after acquiring an additional 9,455,621 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in EOG Resources by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after purchasing an additional 892,951 shares during the last quarter. Morgan Stanley grew its holdings in EOG Resources by 1.5% in the third quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock worth $987,432,000 after purchasing an additional 116,860 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in EOG Resources by 26.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after purchasing an additional 1,029,727 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in EOG Resources by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,163,856 shares of the energy exploration company’s stock worth $503,641,000 after purchasing an additional 176,854 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Down 0.4 %

NYSE EOG traded down $0.44 on Thursday, reaching $124.14. The stock had a trading volume of 605,942 shares, compared to its average volume of 3,271,754. The firm has a market capitalization of $71.34 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 1.74 and a beta of 1.32. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12-month low of $107.99 and a 12-month high of $139.67. The stock has a fifty day moving average price of $126.56 and a two-hundred day moving average price of $122.32.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the previous year, the company earned $2.69 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 12.02 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio is currently 28.75%.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $130.07, for a total value of $1,014,806.14. Following the transaction, the chief operating officer now owns 39,054 shares of the company’s stock, valued at $5,079,753.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $130.07, for a total value of $1,014,806.14. Following the transaction, the chief operating officer now owns 39,054 shares of the company’s stock, valued at $5,079,753.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at approximately $19,457,792.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,512 shares of company stock valued at $2,144,972. 0.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EOG shares. Citigroup lifted their price objective on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a research note on Tuesday, April 9th. Susquehanna boosted their price objective on EOG Resources from $147.00 to $155.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. Bank of America reiterated a “buy” rating and set a $151.00 price objective on shares of EOG Resources in a research note on Friday, June 14th. Finally, Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $135.00 to $155.00 in a research note on Thursday, April 11th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $143.19.

About EOG Resources

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.