Capital Analysts LLC Purchases 5,599 Shares of EOG Resources, Inc. $EOG

Key Points

• Capital Analysts LLC increased its holdings in EOG Resources, Inc. by 6.3% during the first quarter, acquiring an additional 5,599 shares, bringing their total to 94,875 shares valued at $12.17 million.
• The company declared a quarterly dividend of $1.02 per share, up from the previous $0.98, with an annualized yield of 3.5%.
• EOG Resources reported $2.32 EPS for the last quarter, exceeding expectations, but noted a 9.1% decline in quarterly revenue compared to the same period last year.

Capital Analysts LLC raised its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 6.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,875 shares of the energy exploration company's stock after acquiring an additional 5,599 shares during the quarter. Capital Analysts LLC's holdings in EOG Resources were worth $12,167,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EOG. Bank Pictet & Cie Europe AG lifted its holdings in EOG Resources by 56.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock valued at $30,449,000 after acquiring an additional 89,521 shares during the period. NewEdge Advisors LLC lifted its holdings in EOG Resources by 13.7% in the fourth quarter. NewEdge Advisors LLC now owns 19,204 shares of the energy exploration company's stock valued at $2,354,000 after acquiring an additional 2,307 shares during the period. Marshall Wace LLP lifted its holdings in EOG Resources by 266.5% in the fourth quarter. Marshall Wace LLP now owns 29,319 shares of the energy exploration company's stock valued at $3,594,000 after acquiring an additional 21,319 shares during the period. MML Investors Services LLC lifted its holdings in EOG Resources by 4.1% in the fourth quarter. MML Investors Services LLC now owns 40,309 shares of the energy exploration company's stock valued at $4,941,000 after acquiring an additional 1,601 shares during the period. Finally, Transce3nd LLC bought a new position in shares of EOG Resources in the fourth quarter worth about $75,000. Institutional investors own 89.91% of the company's stock.

EOG Resources Price Performance

EOG traded up $2.3950 on Friday, hitting $120.9050. 2,245,946 shares of the company's stock traded hands, compared to its average volume of 2,796,382. The company's 50 day simple moving average is $120.18 and its 200-day simple moving average is $119.15. The firm has a market cap of $66.01 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 9.05 and a beta of 0.80. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.

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

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 yield of 3.4%. The ex-dividend date of this dividend is Friday, October 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio is presently 37.90%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction that occurred 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 sale, the chief operating officer 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 SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EOG shares. Stephens started coverage on EOG Resources in a research note on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price objective on the stock. Bank of America decreased their price objective on EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. UBS Group raised their price objective on EOG Resources from $142.00 to $144.00 and gave the stock a "buy" rating in a research note on Wednesday. Raymond James Financial raised their price objective on EOG Resources from $158.00 to $161.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, July 22nd. Finally, Barclays raised their price objective on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.61.

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.