Benjamin Edwards Inc. Raises Stake in EOG Resources, Inc. (NYSE:EOG)

Benjamin Edwards Inc. grew its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 306,725 shares of the energy exploration company's stock after acquiring an additional 4,221 shares during the quarter. Benjamin Edwards Inc. owned 0.05% of EOG Resources worth $37,602,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EOG. Financial Life Planners bought a new stake in EOG Resources in the fourth quarter worth $25,000. Y.D. More Investments Ltd increased its holdings in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after buying an additional 121 shares during the period. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources in the 4th quarter valued at about $25,000. Decker Retirement Planning Inc. purchased a new stake in EOG Resources during the 4th quarter valued at about $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources during the 4th quarter worth approximately $27,000. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Benchmark reissued a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Wells Fargo & Company lowered their price objective on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. KeyCorp cut their target price on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, Barclays lowered their price target on EOG Resources from $140.00 to $137.00 and set an "equal weight" rating for the company in a research report on Friday. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $140.95.

Insider Transactions at EOG Resources

In other 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 transaction of $515,767.12. Following the sale, the chief operating officer now 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company's stock.

EOG Resources Stock Down 0.7 %

NYSE:EOG opened at $110.87 on Friday. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a market capitalization of $61.15 billion, a PE ratio of 8.93, a P/E/G ratio of 3.58 and a beta of 0.78. The firm's 50-day moving average price is $118.35 and its 200-day moving average price is $125.11. 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 - Get Free Report) last announced its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.92 billion. During the same quarter last year, the firm earned $2.82 earnings per share. The business's revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.52%. The ex-dividend date is Thursday, July 17th. EOG Resources's dividend payout ratio (DPR) is 36.18%.

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.

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