Silvercrest Asset Management Group LLC Buys 106,677 Shares of EOG Resources, Inc. (NYSE:EOG)

Silvercrest Asset Management Group LLC lifted its position in EOG Resources, Inc. (NYSE:EOG) by 14.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 826,038 shares of the energy exploration company’s stock after acquiring an additional 106,677 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.15% of EOG Resources worth $101,256,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors raised its stake in EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock worth $5,628,497,000 after buying an additional 2,270,013 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock worth $2,230,014,000 after acquiring an additional 781,282 shares in the last quarter. Geode Capital Management LLC raised its position in shares of EOG Resources by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company’s stock worth $1,541,282,000 after purchasing an additional 234,067 shares during the period. Northern Trust Corp raised its position in shares of EOG Resources by 2.9% during the fourth quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company’s stock worth $701,036,000 after purchasing an additional 159,216 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of EOG Resources by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company’s stock valued at $696,990,000 after purchasing an additional 365,115 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of several research analyst reports. Citigroup dropped their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Raymond James restated a “strong-buy” rating and set a $140.00 price objective on shares of EOG Resources in a report on Monday, April 21st. Scotiabank raised shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and reduced their target price for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. JPMorgan Chase & Co. dropped their price target on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, KeyCorp reduced their price objective on EOG Resources from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.63.

EOG Resources Stock Up 0.2%

Shares of EOG opened at $115.79 on Friday. The firm has a market cap of $63.20 billion, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The firm’s 50-day simple moving average is $116.02 and its 200 day simple moving average is $124.31.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 earnings per share. On average, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be paid a $0.975 dividend. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.37%. EOG Resources’s dividend payout ratio (DPR) is presently 36.18%.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

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.