AlphaQuest LLC Has $2.27 Million Stock Holdings in EOG Resources, Inc. $EOG

Key Points

• AlphaQuest LLC increased its holdings in EOG Resources, Inc. by 42.7% in the first quarter, owning $2.27 million worth of shares.
• EOG Resources declared a quarterly dividend of $1.02 per share, reflecting an increase from the previous dividend of $0.98, with a dividend yield of 3.4%.
• Analysts have mixed ratings on EOG's stock, with a consensus rating of "Moderate Buy" and an average price target of $143.61.

AlphaQuest LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 42.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,718 shares of the energy exploration company's stock after purchasing an additional 5,303 shares during the quarter. AlphaQuest LLC's holdings in EOG Resources were worth $2,272,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of EOG Resources by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 53,981,854 shares of the energy exploration company's stock worth $6,922,633,000 after purchasing an additional 348,895 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of EOG Resources by 6.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 19,380,866 shares of the energy exploration company's stock worth $2,485,402,000 after purchasing an additional 1,188,552 shares during the last quarter. Northern Trust Corp increased its stake in shares of EOG Resources by 6.3% during the 1st quarter. Northern Trust Corp now owns 6,077,928 shares of the energy exploration company's stock worth $779,433,000 after purchasing an additional 358,916 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of EOG Resources by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,530,260 shares of the energy exploration company's stock worth $709,201,000 after purchasing an additional 60,454 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of EOG Resources by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,911,741 shares of the energy exploration company's stock worth $629,789,000 after purchasing an additional 36,777 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction that occurred 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 owned 45,739 shares in the company, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on EOG shares. Morgan Stanley set a $135.00 price target on shares of EOG Resources and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Roth Capital downgraded shares of EOG Resources from a "buy" rating to a "neutral" rating and reduced their price target for the company from $140.00 to $134.00 in a report on Wednesday, July 9th. Bank of America reduced their price target on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Jefferies Financial Group reissued a "buy" rating and issued a $148.00 price target (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Finally, UBS Group increased their price target on shares of EOG Resources from $142.00 to $144.00 and gave the company a "buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $143.61.

EOG Resources Trading Down 0.1%

EOG opened at $118.2880 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $64.58 billion, a PE ratio of 11.50, a PEG ratio of 9.04 and a beta of 0.80. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The firm has a 50-day moving average price of $120.27 and a two-hundred day moving average price of $119.20.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.18. The firm had revenue of $5.48 billion during the quarter, compared to analysts' expectations of $5.45 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.16 EPS. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.4%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio is presently 39.65%.

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.

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.