Aspetuck Financial Management LLC Buys New Position in EOG Resources, Inc. (NYSE:EOG)

Aspetuck Financial Management LLC purchased a new stake in EOG Resources, Inc. (NYSE:EOG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,890 shares of the energy exploration company's stock, valued at approximately $884,000.

Other hedge funds also recently modified their holdings of the company. Mainstream Capital Management LLC bought a new stake in EOG Resources in the fourth quarter valued at about $25,000. Lee Danner & Bass Inc. bought a new position in shares of EOG Resources in the fourth quarter valued at approximately $28,000. Heritage Wealth Advisors raised its stake in shares of EOG Resources by 562.2% in the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after acquiring an additional 208 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in EOG Resources during the 1st quarter worth approximately $34,000. Finally, Ameriflex Group Inc. bought a new stake in EOG Resources during the 4th quarter worth approximately $36,000. Institutional investors own 89.91% of the company's stock.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction 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 $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

EOG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their price target for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. KeyCorp decreased their price objective on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Jefferies Financial Group reaffirmed a "buy" rating and issued a $148.00 target price (up from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. Finally, Barclays increased their price target on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $139.48.

EOG Resources Price Performance

EOG stock traded up $1.24 during midday trading on Thursday, reaching $121.06. 2,703,905 shares of the stock were exchanged, compared to its average volume of 3,384,440. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a fifty day moving average price of $114.28 and a 200 day moving average price of $121.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. The stock has a market capitalization of $66.07 billion, a PE ratio of 11.23, a P/E/G ratio of 9.70 and a beta of 0.74.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The company had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same period in the previous year, the business posted $2.82 earnings per share. The business's quarterly revenue was down 7.4% compared to the same quarter last year. As a group, analysts expect that EOG Resources, Inc. will post 11.47 EPS 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. Shareholders of record on Friday, October 17th will be given a $1.02 dividend. This is a boost from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's dividend payout ratio 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.