Parsons Capital Management Inc. RI Has $251,000 Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Parsons Capital Management Inc. RI grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 18.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,954 shares of the energy exploration company’s stock after purchasing an additional 302 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in EOG Resources were worth $251,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital World Investors grew its position in shares of EOG Resources by 5.2% in the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock valued at $5,628,497,000 after acquiring an additional 2,270,013 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after acquiring an additional 781,282 shares during the period. Geode Capital Management LLC lifted its holdings in EOG Resources by 1.9% during the 4th 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 last quarter. Northern Trust Corp lifted its holdings 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 buying an additional 159,216 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of EOG Resources by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company’s stock valued at $696,990,000 after acquiring an additional 365,115 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Up 1.6%

Shares of NYSE EOG opened at $119.80 on Thursday. 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 stock has a market cap of $65.39 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The firm has a 50 day moving average price of $111.34 and a two-hundred day moving average price of $122.03.

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

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.41%. EOG Resources’s payout ratio is 36.18%.

Insider Activity at EOG Resources

In related 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 transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on EOG. Morgan Stanley set a $135.00 price target on shares of EOG Resources and gave the stock an “equal weight” rating in a research report on Monday, June 2nd. Williams Trading set a $154.00 target price on shares of EOG Resources in a research report on Wednesday, March 5th. Susquehanna lowered their target price on shares of EOG Resources from $161.00 to $156.00 and set a “positive” rating on the stock in a report on Tuesday, April 22nd. Citigroup cut their price target on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Finally, Wells Fargo & Company lowered their price objective on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and an average price target of $139.58.

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.