Bourgeon Capital Management LLC Acquires 5,234 Shares of EOG Resources, Inc. (NYSE:EOG)

Bourgeon Capital Management LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 131.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 9,223 shares of the energy exploration company’s stock after purchasing an additional 5,234 shares during the period. Bourgeon Capital Management LLC’s holdings in EOG Resources were worth $1,183,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC grew its stake in shares of EOG Resources by 4,642.2% during the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company’s stock valued at $349,627,000 after buying an additional 2,792,092 shares during the last quarter. Capital World Investors increased its stake in 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 worth $5,628,497,000 after purchasing an additional 2,270,013 shares during the period. Raymond James Financial Inc. bought a new stake in EOG Resources in the fourth quarter valued at approximately $171,193,000. GAMMA Investing LLC boosted its stake in shares of EOG Resources by 14,784.1% during the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company’s stock valued at $164,323,000 after purchasing an additional 1,272,765 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock worth $2,230,014,000 after purchasing an additional 781,282 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Barclays raised their target price on EOG Resources from $137.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday. Raymond James boosted their price target on EOG Resources from $148.00 to $158.00 and gave the company a “strong-buy” rating in a report on Monday. JPMorgan Chase & Co. dropped their price objective 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, Citigroup decreased their target price on EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, March 17th. 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.63.

EOG Resources Stock Up 2.5%

Shares of EOG Resources stock opened at $111.25 on Tuesday. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The firm has a market cap of $60.72 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 3.58 and a beta of 0.78. The company has a 50-day moving average of $112.76 and a 200 day moving average of $122.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

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

EOG Resources Increases Dividend

The business 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 3.67%. The ex-dividend date is Friday, October 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. EOG Resources’s dividend payout ratio (DPR) is 36.18%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares of the company’s stock, valued at $6,098,240.32. The trade was a 7.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

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.