EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 142.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,295 shares of the energy exploration company’s stock after purchasing an additional 30,756 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in EOG Resources were worth $6,410,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Stephens Inc. AR boosted its stake in EOG Resources by 5.3% during the 3rd quarter. Stephens Inc. AR now owns 5,083 shares of the energy exploration company’s stock worth $625,000 after purchasing an additional 258 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of EOG Resources during the 3rd quarter worth $47,000. Van ECK Associates Corp raised its holdings in shares of EOG Resources by 1.7% during the 3rd quarter. Van ECK Associates Corp now owns 38,231 shares of the energy exploration company’s stock worth $4,768,000 after acquiring an additional 654 shares during the period. Crescent Grove Advisors LLC raised its holdings in shares of EOG Resources by 34.5% during the 3rd quarter. Crescent Grove Advisors LLC now owns 2,568 shares of the energy exploration company’s stock worth $316,000 after acquiring an additional 659 shares during the period. Finally, Catalina Capital Group LLC raised its holdings in shares of EOG Resources by 9.9% during the 3rd quarter. Catalina Capital Group LLC now owns 3,074 shares of the energy exploration company’s stock worth $378,000 after acquiring an additional 277 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $122.16 on Friday. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The company has a market cap of $68.71 billion, a PE ratio of 9.84, a P/E/G ratio of 3.58 and a beta of 1.27. 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 has a 50-day simple moving average of $129.40 and a 200-day simple moving average of $127.73.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. On average, equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

EOG Resources declared that its Board of Directors has initiated a share buyback plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. 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 report on Monday, January 13th. Morgan Stanley reduced their price objective on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating on the stock in a report on Monday. Raymond James boosted their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup boosted their price objective on shares of EOG Resources from $127.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th. Finally, StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $145.80.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was 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 directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

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.