Cooke & Bieler LP Cuts Position in EOG Resources, Inc. (NYSE:EOG)

Cooke & Bieler LP lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 623,504 shares of the energy exploration company's stock after selling 2,175 shares during the period. Cooke & Bieler LP owned 0.11% of EOG Resources worth $79,958,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Silvercrest Asset Management Group LLC lifted its holdings in shares of EOG Resources by 14.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock valued at $101,256,000 after purchasing an additional 106,677 shares during the last quarter. ARGA Investment Management LP lifted its holdings in shares of EOG Resources by 24.2% during the 1st quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company's stock valued at $1,724,000 after purchasing an additional 2,616 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of EOG Resources by 15.3% during the 1st quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company's stock valued at $2,609,000 after purchasing an additional 2,697 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of EOG Resources by 37.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock valued at $20,852,000 after purchasing an additional 44,687 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its holdings in shares of EOG Resources by 4.7% during the 1st quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company's stock valued at $23,032,000 after purchasing an additional 8,127 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analyst Ratings Changes

EOG has been the subject of several analyst reports. Morgan Stanley set a $135.00 price objective on EOG Resources and gave the company an "equal weight" rating in a report on Monday, June 2nd. Barclays raised their target price 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. UBS Group restated a "buy" rating and issued a $140.00 target price (up previously from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. KeyCorp reduced their target price on EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Finally, Raymond James Financial raised their target price on EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a research note on Monday, June 2nd. Twelve 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $139.81.

EOG Resources Price Performance

Shares of NYSE:EOG traded down $0.80 during trading on Friday, reaching $117.63. 5,901,937 shares of the company's stock traded hands, compared to its average volume of 3,432,992. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. 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 firm has a market cap of $64.20 billion, a PE ratio of 10.91, a P/E/G ratio of 9.44 and a beta of 0.76. The company has a 50-day simple moving average of $117.82 and a 200-day simple moving average of $121.28.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) 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 firm posted $2.82 EPS. EOG Resources's revenue was down 7.4% compared to the same quarter last year. As a group, analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a dividend of $1.02 per share. This is a boost from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Friday, October 17th. EOG Resources's payout ratio is currently 36.18%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was 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 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 document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.