Boston Family Office LLC Cuts Stock Position in EOG Resources, Inc. (NYSE:EOG)

Boston Family Office LLC lowered its stake in EOG Resources, Inc. (NYSE:EOG) by 1.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,197 shares of the energy exploration company’s stock after selling 1,079 shares during the period. Boston Family Office LLC’s holdings in EOG Resources were worth $9,515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Silvercrest Asset Management Group LLC lifted its position in EOG Resources by 14.8% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company’s stock valued at $101,256,000 after acquiring an additional 106,677 shares in the last quarter. ARGA Investment Management LP lifted its position in EOG Resources by 24.2% in the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company’s stock valued at $1,724,000 after acquiring an additional 2,616 shares in the last quarter. CWA Asset Management Group LLC lifted its position in EOG Resources by 15.3% in the 1st quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company’s stock valued at $2,609,000 after acquiring an additional 2,697 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in EOG Resources by 37.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company’s stock valued at $20,852,000 after acquiring an additional 44,687 shares in the last quarter. Finally, Pinnacle Financial Partners Inc lifted its position in EOG Resources by 4.7% in the 1st quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company’s stock valued at $23,032,000 after acquiring an additional 8,127 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

EOG Resources Trading Down 0.6%

NYSE:EOG opened at $119.06 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.61. The firm has a market capitalization of $65.01 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 9.21 and a beta of 0.80. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The business has a fifty day moving average price of $120.29 and a 200-day moving average price of $119.48.

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, topping the consensus estimate of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%. The firm had revenue of $5.48 billion during the quarter, compared to analyst estimates of $5.45 billion. During the same period in the prior year, the business posted $3.16 EPS. EOG Resources’s revenue was down 9.1% on a year-over-year basis. Sell-side 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. This represents a $4.08 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, October 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.98. EOG Resources’s dividend payout ratio (DPR) is currently 39.65%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EOG shares. Royal Bank Of Canada lowered 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. Jefferies Financial Group reaffirmed a “buy” rating and issued a $148.00 price objective (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Mizuho lowered 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. Stephens began coverage on EOG Resources in a report on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 price target on the stock. Finally, Roth Capital cut EOG Resources from a “buy” rating to a “neutral” rating and lowered their price target for the company from $140.00 to $134.00 in a report on Wednesday, July 9th. 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 company. According to MarketBeat, EOG Resources has an average rating of “Moderate Buy” and an average price target of $140.71.

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.