Vanguard Capital Wealth Advisors Takes Position in EOG Resources, Inc. (NYSE:EOG)

Vanguard Capital Wealth Advisors bought a new stake in EOG Resources, Inc. (NYSE:EOG) in the 1st quarter, HoldingsChannel.com reports. The firm bought 1,619 shares of the energy exploration company’s stock, valued at approximately $208,000.

Several other large investors also recently made changes to their positions in EOG. Wealthfront Advisers LLC grew its stake in shares of EOG Resources by 4,642.2% in the 4th 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 period. Capital World Investors boosted its stake in 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 purchasing an additional 2,270,013 shares during the last quarter. Raymond James Financial Inc. acquired a new position in EOG Resources during the 4th quarter valued at about $171,193,000. GAMMA Investing LLC boosted its stake in EOG Resources by 14,784.1% during the 1st 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 last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in EOG Resources by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after purchasing an additional 781,282 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Price Performance

EOG Resources stock opened at $113.93 on Friday. 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 stock has a market cap of $62.18 billion, a P/E ratio of 9.17, a P/E/G ratio of 3.58 and a beta of 0.74. The company’s 50 day moving average price is $111.51 and its two-hundred day moving average price is $122.42. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. EOG Resources’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 EPS. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, October 17th. This is a boost from EOG Resources’s previous quarterly dividend of $0.98. EOG Resources’s payout ratio is 36.18%.

Analyst Ratings Changes

A number of research firms have issued reports on EOG. Susquehanna cut their price target on EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen downgraded EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Bank of America cut their price target on EOG Resources from $125.00 to $124.00 and set a “neutral” rating for the company in a research note on Friday, May 23rd. Finally, Barclays lifted their price target on EOG Resources from $137.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, June 2nd. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $139.58.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources 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 sale, the chief operating officer now owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

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.