Oak Ridge Investments LLC Acquires 2,369 Shares of EOG Resources, Inc. (NYSE:EOG)

Oak Ridge Investments LLC grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,643 shares of the energy exploration company’s stock after acquiring an additional 2,369 shares during the quarter. Oak Ridge Investments LLC’s holdings in EOG Resources were worth $5,597,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EOG. Nuveen LLC bought a new stake in shares of EOG Resources during the 1st quarter valued at about $451,908,000. Capital World Investors raised its holdings in shares of EOG Resources by 5.2% during 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 buying an additional 2,270,013 shares in the last quarter. GAMMA Investing LLC increased its stake in EOG Resources by 14,784.1% in the 1st quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company’s stock worth $164,323,000 after purchasing an additional 1,272,765 shares during the period. Charles Schwab Investment Management Inc. increased its stake in EOG Resources by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company’s stock worth $2,485,402,000 after purchasing an additional 1,188,552 shares during the period. Finally, Deutsche Bank AG increased its stake in EOG Resources by 58.6% in the 4th quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company’s stock worth $255,139,000 after purchasing an additional 769,362 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Up 1.1%

EOG Resources stock opened at $119.32 on Thursday. The stock has a market cap of $65.15 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 9.02 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The stock has a fifty day moving average of $120.01 and a 200 day moving average of $119.64.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.18. The company had revenue of $5.48 billion during the quarter, compared to analysts’ expectations of $5.45 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%. EOG Resources’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.16 earnings per share. As a group, sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The company also recently disclosed 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 represents a $4.08 dividend on an annualized basis and a yield of 3.4%. This is a boost from EOG Resources’s previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources’s dividend payout ratio (DPR) is currently 37.90%.

Wall Street Analyst Weigh In

EOG has been the topic of a number of analyst reports. Bank of America decreased their price target on EOG Resources from $125.00 to $124.00 and set a “neutral” rating on the stock in a research note on Friday, May 23rd. Royal Bank Of Canada cut their price objective on EOG Resources from $145.00 to $140.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 8th. Mizuho cut their price objective on EOG Resources from $140.00 to $134.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. KeyCorp cut their price objective on EOG Resources from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Monday, April 21st. Finally, Stephens assumed coverage on EOG Resources in a research report on Tuesday, June 17th. They issued an “equal weight” rating and a $137.00 price objective on the stock. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.71.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the company’s stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the sale, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

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.