Avantax Planning Partners Inc. Has $4.10 Million Stake in EOG Resources, Inc. (NYSE:EOG)

Avantax Planning Partners Inc. boosted its position in EOG Resources, Inc. (NYSE:EOG) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,457 shares of the energy exploration company’s stock after buying an additional 1,129 shares during the period. Avantax Planning Partners Inc.’s holdings in EOG Resources were worth $4,101,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EOG. Capital Performance Advisors LLP bought a new stake in shares of EOG Resources during the third quarter valued at about $31,000. CWA Asset Management Group LLC bought a new position in shares of EOG Resources in the 3rd quarter worth $1,041,000. SpiderRock Advisors LLC raised its position in shares of EOG Resources by 34.3% during the 3rd quarter. SpiderRock Advisors LLC now owns 5,696 shares of the energy exploration company’s stock valued at $700,000 after buying an additional 1,455 shares in the last quarter. Atria Investments Inc raised its stake in shares of EOG Resources by 2.2% during the third quarter. Atria Investments Inc now owns 48,877 shares of the energy exploration company’s stock worth $6,008,000 after acquiring an additional 1,075 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of EOG Resources by 11.2% during the third quarter. Covestor Ltd now owns 1,078 shares of the energy exploration company’s stock valued at $133,000 after buying an additional 109 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG opened at $125.83 on Tuesday. The company has a market capitalization of $69.70 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The company’s fifty day moving average price is $129.60 and its 200 day moving average price is $127.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67.

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

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.10%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio is 34.73%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EOG shares. Piper Sandler dropped their price target on EOG Resources from $141.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Williams Trading set a $154.00 price target on shares of EOG Resources in a report on Wednesday, March 5th. 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 report on Friday, January 3rd. 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. Finally, Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and a consensus target price of $146.19.

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.