Dale Q Rice Investment Management Ltd Makes New $382,000 Investment in EOG Resources, Inc. (NYSE:EOG)

Dale Q Rice Investment Management Ltd purchased a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 2,980 shares of the energy exploration company's stock, valued at approximately $382,000.

A number of other large investors have also added to or reduced their stakes in the company. Mainstream Capital Management LLC acquired a new position in EOG Resources during the 4th quarter worth $25,000. Lee Danner & Bass Inc. acquired a new position in EOG Resources during the 4th quarter worth $28,000. Heritage Wealth Advisors grew its holdings in EOG Resources by 562.2% during the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock worth $30,000 after acquiring an additional 208 shares in the last quarter. Ameriflex Group Inc. acquired a new position in EOG Resources during the 4th quarter worth $36,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in EOG Resources during the 4th quarter worth $40,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Stephens assumed coverage on shares of EOG Resources in a report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price objective for the company. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their price target for the company from $150.00 to $130.00 in a report on Friday, April 11th. UBS Group reaffirmed a "buy" rating and issued a $140.00 price target (up from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. Finally, Morgan Stanley set a $135.00 price target on shares of EOG Resources and gave the company an "equal weight" rating in a report 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $139.48.

EOG Resources Stock Performance

EOG Resources stock traded up $1.62 during midday trading on Friday, reaching $125.40. 11,228,066 shares of the stock traded hands, compared to its average volume of 3,372,209. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of $113.49 and a two-hundred day moving average price of $121.56. The firm has a market cap of $68.44 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 10.24 and a beta of 0.74. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period in the previous year, the business posted $2.82 EPS. EOG Resources's revenue was down 7.4% on a year-over-year basis. On average, equities research 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 given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.25%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's payout ratio is 36.18%.

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.