Callahan Advisors LLC Has $8.72 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Callahan Advisors LLC lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 25.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 68,003 shares of the energy exploration company's stock after selling 22,890 shares during the period. Callahan Advisors LLC's holdings in EOG Resources were worth $8,721,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Lee Danner & Bass Inc. acquired a new position in shares of EOG Resources in the fourth quarter valued at approximately $28,000. Heritage Wealth Advisors lifted its stake in 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 acquired a new stake in EOG Resources in the 1st quarter valued at about $34,000. Ameriflex Group Inc. acquired a new stake in shares of EOG Resources in the fourth quarter valued at approximately $36,000. Finally, 10Elms LLP acquired a new stake in EOG Resources during the 4th quarter valued at $44,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources 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 transaction, the chief operating officer directly owned 45,739 shares of the company's stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EOG shares. Barclays raised their price objective on shares of EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and lowered their price target for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Bank of America lowered their price objective on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Finally, Susquehanna lowered their target price on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $139.00.

EOG Resources Stock Performance

Shares of EOG stock opened at $121.85 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. The company has a market cap of $66.51 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 9.84 and a beta of 0.76. The firm has a 50 day moving average of $116.55 and a 200-day moving average of $121.32. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 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 analysts' expectations of $5.92 billion. During the same quarter last year, the firm posted $2.82 earnings per share. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, equities analysts forecast 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. Shareholders of record on Friday, October 17th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.35%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's payout ratio is 36.18%.

About EOG Resources

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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