Oak Thistle LLC Makes New $403,000 Investment in EOG Resources, Inc. (NYSE:EOG)

Key Points

• Oak Thistle LLC acquired 3,145 shares of EOG Resources, valued at approximately $403,000, as reported in a recent 13F filing.
• EOG Resources has recently increased its quarterly dividend to $1.02 per share, reflecting a 3.45% dividend yield.
• The company reported an EPS of $2.87 for the last quarter, surpassing estimates, but the revenue decreased by 7.4% year-over-year.

Oak Thistle LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,145 shares of the energy exploration company's stock, valued at approximately $403,000.

Other hedge funds also recently modified their holdings of the company. Hancock Whitney Corp raised its holdings in EOG Resources by 5.7% in the 4th quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock valued at $211,000 after acquiring an additional 92 shares in the last quarter. FSM Wealth Advisors LLC raised its position in shares of EOG Resources by 6.2% in the 1st quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock valued at $208,000 after buying an additional 95 shares in the last quarter. Loomis Sayles & Co. L P raised its position in shares of EOG Resources by 26.5% in the 4th quarter. Loomis Sayles & Co. L P now owns 463 shares of the energy exploration company's stock valued at $57,000 after buying an additional 97 shares in the last quarter. Sigma Planning Corp raised its position in shares of EOG Resources by 1.6% in the 1st quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company's stock valued at $803,000 after buying an additional 97 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its position in shares of EOG Resources by 2.2% in the 1st quarter. Ameritas Advisory Services LLC now owns 5,016 shares of the energy exploration company's stock valued at $641,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Price Performance

Shares of EOG stock traded down $0.35 during trading hours on Tuesday, reaching $121.30. The stock had a trading volume of 392,395 shares, compared to its average volume of 3,680,535. The stock's fifty day simple moving average is $118.23 and its 200 day simple moving average is $120.86. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The firm has a market capitalization of $66.21 billion, a PE ratio of 11.25, a PEG ratio of 9.10 and a beta of 0.76.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The firm 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 company posted $2.82 EPS. The company's revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders 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 dividend yield of 3.36%. 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 payout ratio is 36.18%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stephens assumed coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price objective for the company. Barclays boosted their price target on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Royal Bank Of Canada lowered their price target on EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a report on Tuesday, July 8th. UBS Group reissued a "buy" rating and set a $140.00 price target (up previously from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. Finally, Susquehanna boosted their target price on EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a research note on Wednesday, July 23rd. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.62.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction on Monday, June 30th. The shares were 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 directly owned 45,739 shares in the company, valued at $5,472,671.35. This represents a 7.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.13% of the company's stock.

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.