Linden Thomas Advisory Services LLC Raises Position in EOG Resources, Inc. (NYSE:EOG)

Linden Thomas Advisory Services LLC boosted its position in EOG Resources, Inc. (NYSE:EOG) by 9.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,231 shares of the energy exploration company’s stock after acquiring an additional 652 shares during the period. Linden Thomas Advisory Services LLC’s holdings in EOG Resources were worth $875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. McIlrath & Eck LLC boosted its holdings in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after buying an additional 104 shares during the period. Exchange Traded Concepts LLC boosted its holdings in EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares during the period. Peoples Bank KS bought a new position in shares of EOG Resources in the third quarter worth $31,000. Hall Laurie J Trustee purchased a new stake in shares of EOG Resources in the fourth quarter worth $36,000. Finally, Keener Financial Planning LLC bought a new stake in EOG Resources during the fourth quarter valued at $36,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG opened at $135.40 on Friday. The company’s 50-day simple moving average is $125.26 and its two-hundred day simple moving average is $122.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44. The stock has a market capitalization of $77.88 billion, a P/E ratio of 10.41 and a beta of 1.40. EOG Resources, Inc. has a 52-week low of $106.32 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter last year, the company earned $3.30 EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, analysts predict that EOG Resources, Inc. will post 12.29 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Monday, April 15th. EOG Resources’s dividend payout ratio (DPR) is presently 27.98%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Mizuho upped their price objective on shares of EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Raymond James dropped their price objective on shares of EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research note on Monday. Bank of America lowered EOG Resources from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $147.00 to $140.00 in a research report on Friday, January 5th. Finally, Citigroup upped their target price on EOG Resources from $120.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Twelve 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 company’s stock. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and an average target price of $142.19.

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.