Covestor Ltd Raises Stock Position in EOG Resources, Inc. (NYSE:EOG)

Covestor Ltd raised its position in EOG Resources, Inc. (NYSE:EOG) by 8.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,270 shares of the energy exploration company’s stock after acquiring an additional 98 shares during the period. Covestor Ltd’s holdings in EOG Resources were worth $162,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC grew its position in EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 212 shares during the period. Sachetta LLC acquired a new stake in shares of EOG Resources during the 4th quarter worth about $33,000. Norwood Financial Corp acquired a new stake in shares of EOG Resources during the 1st quarter worth about $37,000. Keener Financial Planning LLC purchased a new stake in EOG Resources in the 4th quarter valued at about $36,000. Finally, LifeSteps Financial Inc. acquired a new position in EOG Resources in the first quarter valued at about $38,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of EOG Resources stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the sale, the president now owns 161,109 shares in the company, valued at $20,987,669.43. The disclosure for this sale can be found here. Insiders sold 16,512 shares of company stock valued at $2,144,972 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

EOG Resources stock traded down $1.91 during mid-day trading on Tuesday, reaching $125.01. 1,309,189 shares of the company were exchanged, compared to its average volume of 3,191,974. The firm’s 50-day simple moving average is $124.98 and its two-hundred day simple moving average is $123.15. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The firm has a market cap of $71.84 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 1.77 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company earned $2.69 earnings per share. Equities analysts predict that EOG Resources, Inc. will post 12.18 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EOG shares. JPMorgan Chase & Co. lifted their price objective on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Morgan Stanley boosted their price target on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Susquehanna raised their price objective on shares of EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. KeyCorp began coverage on shares of EOG Resources in a research note on Thursday, June 27th. They set an “overweight” rating and a $157.00 target price on the stock. Finally, Sanford C. Bernstein decreased their price target on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, July 17th. Fifteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $143.20.

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.