Davidson Investment Advisors Buys 4,688 Shares of EOG Resources, Inc. (NYSE:EOG)

Davidson Investment Advisors grew its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,183 shares of the energy exploration company's stock after acquiring an additional 4,688 shares during the quarter. Davidson Investment Advisors' holdings in EOG Resources were worth $21,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital World Investors increased its stake 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 valued at $5,628,497,000 after purchasing an additional 2,270,013 shares in the last quarter. Geode Capital Management LLC increased its holdings in EOG Resources by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock worth $1,541,282,000 after purchasing an additional 234,067 shares in the last quarter. Northern Trust Corp increased its holdings in EOG Resources by 2.9% during the 4th quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company's stock worth $701,036,000 after purchasing an additional 159,216 shares in the last quarter. Alliancebernstein L.P. grew its holdings in EOG Resources by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock worth $696,990,000 after buying an additional 365,115 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in EOG Resources by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,874,964 shares of the energy exploration company's stock worth $597,476,000 after buying an additional 50,896 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the transaction, the chief operating officer directly owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.

EOG Resources Stock Performance

NYSE EOG traded down $0.04 on Thursday, hitting $121.85. 2,703,451 shares of the stock traded hands, compared to its average volume of 3,405,034. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. The firm has a market capitalization of $66.51 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 10.00 and a beta of 0.76. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The business's fifty day moving average is $116.34 and its two-hundred day moving average is $121.31.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The company's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the business earned $2.82 earnings per share. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, October 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.35%. EOG Resources's dividend payout ratio (DPR) is 36.18%.

Analysts Set New Price Targets

Several analysts have recently issued reports on EOG shares. Barclays upped their target price on shares of 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 reaffirmed a "buy" rating and issued a $140.00 price objective (up from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. reduced their price objective on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Citigroup reduced their price objective on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, Piper Sandler reduced their target price on EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Thirteen analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $139.00.

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.