EOG Resources, Inc. (NYSE:EOG) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 91.7% during the 1st quarter, HoldingsChannel reports. The fund owned 184,952 shares of the energy exploration company’s stock after acquiring an additional 88,461 shares during the quarter. QRG Capital Management Inc.’s holdings in EOG Resources were worth $23,718,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp lifted its position in EOG Resources by 1.7% in the fourth quarter. Van ECK Associates Corp now owns 38,882 shares of the energy exploration company’s stock valued at $4,766,000 after buying an additional 651 shares during the last quarter. V Square Quantitative Management LLC lifted its position in EOG Resources by 17.2% in the fourth quarter. V Square Quantitative Management LLC now owns 4,070 shares of the energy exploration company’s stock valued at $499,000 after buying an additional 598 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in EOG Resources by 6.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 4,494 shares of the energy exploration company’s stock valued at $551,000 after buying an additional 263 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in EOG Resources by 56.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company’s stock valued at $30,449,000 after buying an additional 89,521 shares during the last quarter. Finally, Congress Asset Management Co. lifted its position in EOG Resources by 0.7% in the fourth quarter. Congress Asset Management Co. now owns 189,833 shares of the energy exploration company’s stock valued at $23,270,000 after buying an additional 1,322 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Up 4.1%

EOG stock opened at $125.52 on Monday. The firm has a market capitalization 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 fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company’s 50 day moving average price is $111.99 and its 200 day moving average price is $121.75.

EOG Resources (NYSE:EOG) last announced 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. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm’s revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.82 earnings per share. On average, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The business 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. 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 3.25%. The ex-dividend date is Friday, October 17th. EOG Resources’s dividend payout ratio is currently 36.18%.

Wall Street Analyst Weigh In

A number of research analysts have commented on EOG shares. Bank of America decreased their target price on shares of EOG Resources from $125.00 to $124.00 and set a “neutral” rating on the stock in a research report on Friday, May 23rd. Scotiabank raised shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and decreased their target price for the company from $150.00 to $130.00 in a research report on Friday, April 11th. Jefferies Financial Group upped their target price on shares of EOG Resources from $144.00 to $148.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Finally, Mizuho reduced their price target on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Eleven investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.00.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

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.