Brookwood Investment Group LLC Invests $1.43 Million in EOG Resources, Inc. (NYSE:EOG)

Brookwood Investment Group LLC purchased a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,109 shares of the energy exploration company's stock, valued at approximately $1,425,000.

Other hedge funds have also recently modified their holdings of the company. Capital World Investors increased its position 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 worth $5,628,497,000 after purchasing an additional 2,270,013 shares in the last quarter. GAMMA Investing LLC grew its holdings in EOG Resources by 14,784.1% in 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 buying an additional 1,272,765 shares during the period. Deutsche Bank AG lifted its stake in shares of EOG Resources by 58.6% in the 4th quarter. Deutsche Bank AG now owns 2,081,409 shares of the energy exploration company's stock valued at $255,139,000 after purchasing an additional 769,362 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of EOG Resources by 134.7% in the 4th quarter. AQR Capital Management LLC now owns 1,294,824 shares of the energy exploration company's stock valued at $158,720,000 after purchasing an additional 743,202 shares in the last quarter. Finally, Demars Financial Group LLC lifted its stake in shares of EOG Resources by 12,422.5% in the 4th quarter. Demars Financial Group LLC now owns 643,156 shares of the energy exploration company's stock valued at $78,838,000 after purchasing an additional 638,020 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Price Performance

EOG stock traded up $0.05 during midday trading on Thursday, reaching $118.93. 271,691 shares of the company's stock traded hands, compared to its average volume of 3,708,660. The company has a 50-day simple moving average of $117.95 and a two-hundred day simple moving average of $121.15. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a market cap of $64.91 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 9.16 and a beta of 0.76. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The business's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $2.82 EPS. On average, analysts anticipate 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. Stockholders of record on Friday, October 17th will be given a $1.02 dividend. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio (DPR) is currently 36.18%.

Analysts Set New Price Targets

Several equities analysts recently commented on EOG shares. Stephens started coverage on EOG Resources in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price target on the stock. Susquehanna upped their target price on EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a research report on Wednesday. Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Roth Capital downgraded EOG Resources from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $140.00 to $134.00 in a research note on Wednesday, July 9th. Finally, Bank of America cut their price objective on EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Twelve research 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $140.62.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the transaction, the chief operating officer directly owned 45,739 shares in the company, valued at $5,472,671.35. This trade represents a 7.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by corporate 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.

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