O Shaughnessy Asset Management LLC Has $23.33 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

O Shaughnessy Asset Management LLC grew its stake in EOG Resources, Inc. (NYSE:EOG) by 78.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 190,287 shares of the energy exploration company’s stock after purchasing an additional 83,695 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in EOG Resources were worth $23,325,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Townsquare Capital LLC grew its position in shares of EOG Resources by 15.5% during the 3rd quarter. Townsquare Capital LLC now owns 18,811 shares of the energy exploration company’s stock worth $2,312,000 after buying an additional 2,521 shares during the period. Edgestream Partners L.P. bought a new stake in EOG Resources in the third quarter valued at approximately $1,410,000. FSA Wealth Management LLC acquired a new stake in EOG Resources in the third quarter worth $59,000. Benjamin Edwards Inc. boosted its position in shares of EOG Resources by 2,590.8% during the third quarter. Benjamin Edwards Inc. now owns 302,504 shares of the energy exploration company’s stock worth $37,190,000 after purchasing an additional 291,262 shares in the last quarter. Finally, Community Bank N.A. grew its holdings in shares of EOG Resources by 11.6% in the 3rd quarter. Community Bank N.A. now owns 11,362 shares of the energy exploration company’s stock valued at $1,397,000 after buying an additional 1,183 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America reaffirmed a “neutral” rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Morgan Stanley cut their price objective on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating on the stock in a report on Thursday. Mizuho reissued a “neutral” rating and set a $140.00 target price (down from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. Barclays cut their price target on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 18th. Finally, Wells Fargo & Company lowered their price objective on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Thirteen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $144.67.

EOG Resources Stock Performance

Shares of EOG stock opened at $126.55 on Monday. The stock has a market cap of $70.10 billion, a P/E ratio of 10.19, a P/E/G ratio of 3.58 and a beta of 1.25. The company has a fifty day moving average price of $128.23 and a two-hundred day moving average price of $127.78. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. 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 (NYSE:EOG) last posted its quarterly earnings results 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. The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

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 paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is presently 34.73%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

EOG Resources Company 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.