Cary Street Partners Financial LLC Invests $192,000 in EOG Resources, Inc. (NYSE:EOG)

Cary Street Partners Financial LLC bought a new stake in EOG Resources, Inc. (NYSE:EOG) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,570 shares of the energy exploration company’s stock, valued at approximately $192,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Y.D. More Investments Ltd boosted its position in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after buying an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources in the fourth quarter worth $25,000. Decker Retirement Planning Inc. purchased a new stake in shares of EOG Resources during the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of EOG Resources in the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on EOG shares. Wells Fargo & Company lowered their target price on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Raymond James reissued a “strong-buy” rating and set a $140.00 price objective on shares of EOG Resources in a research report on Monday, April 21st. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Williams Trading set a $154.00 price target on shares of EOG Resources in a research note on Wednesday, March 5th. Finally, Susquehanna dropped their price objective on shares of EOG Resources from $161.00 to $156.00 and set a “positive” rating on the stock in a research report on Tuesday, April 22nd. 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. Based on data from MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and a consensus target price of $140.95.

EOG Resources Price Performance

Shares of NYSE EOG opened at $111.13 on Monday. The stock has a market cap of $60.65 billion, a P/E ratio of 8.95, a P/E/G ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The stock has a 50 day moving average of $116.68 and a two-hundred day moving average of $124.53. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter in the prior year, the firm earned $2.82 EPS. EOG Resources’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, research 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 announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.51%. EOG Resources’s dividend payout ratio (DPR) is 36.18%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 47,732 shares of the company’s stock, valued at $6,098,240.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.