EOG Resources, Inc. (NYSE:EOG) Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. raised its stake in EOG Resources, Inc. (NYSE:EOG) by 14.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,020 shares of the energy exploration company’s stock after purchasing an additional 885 shares during the period. Johnson Investment Counsel Inc.’s holdings in EOG Resources were worth $861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Life Planners acquired a new stake in shares of EOG Resources during the 4th quarter worth about $25,000. Y.D. More Investments Ltd grew its stake in EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in EOG Resources during the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. purchased a new position in EOG Resources during the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new position in EOG Resources during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction 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. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on EOG. Bank of America restated a “neutral” rating and set a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Morgan Stanley lowered their target price on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Williams Trading set a $154.00 target price on EOG Resources in a research note on Wednesday, March 5th. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $146.19.

EOG Resources Stock Performance

Shares of EOG stock opened at $124.18 on Thursday. The stock has a fifty day moving average price of $129.67 and a 200 day moving average price of $127.70. The stock has a market cap of $68.78 billion, a PE ratio of 10.00, a P/E/G ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 1 year low of $115.78 and a 1 year high of $139.67. 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 (NYSE:EOG) last issued its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.19. The firm 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%. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.14%. EOG Resources’s dividend payout ratio is presently 34.73%.

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.