EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Acropolis Investment Management LLC

Acropolis Investment Management LLC grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,386 shares of the energy exploration company’s stock after acquiring an additional 216 shares during the quarter. Acropolis Investment Management LLC’s holdings in EOG Resources were worth $819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources during the 4th quarter valued at about $25,000. Lee Danner & Bass Inc. acquired a new position in shares of EOG Resources during the 4th quarter valued at about $28,000. Heritage Wealth Advisors increased its stake in shares of EOG Resources by 562.2% during the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company’s stock valued at $30,000 after acquiring an additional 208 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of EOG Resources during the 4th quarter valued at about $32,000. Finally, Ameriflex Group Inc. acquired a new position in shares of EOG Resources during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

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 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 legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG opened at $125.52 on Monday. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a market cap of $68.50 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 3.58 and a beta of 0.74. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The business’s 50 day moving average is $111.99 and its two-hundred day moving average is $121.75.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. The business 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 business’s revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.82 EPS. Analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a dividend of $1.02 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Friday, October 17th. EOG Resources’s dividend payout ratio is currently 36.18%.

Analysts Set New Price Targets

A number of research firms have recently commented on EOG. Williams Trading set a $154.00 price objective on shares of EOG Resources in a research note on Wednesday, March 5th. Bank of America decreased their target price on EOG Resources from $125.00 to $124.00 and set a “neutral” rating for the company in a report on Friday, May 23rd. KeyCorp decreased their target price on EOG Resources from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. decreased their target price on EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Finally, Barclays upped their price target on EOG Resources from $137.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, June 2nd. Eleven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

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.