Davidson Investment Advisors Has $21.82 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Davidson Investment Advisors raised its holdings 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 disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,183 shares of the energy exploration company's stock after purchasing an additional 4,688 shares during the period. Davidson Investment Advisors' holdings in EOG Resources were worth $21,824,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. 1ST Source Bank increased its position in shares of EOG Resources by 1.5% during the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock worth $656,000 after purchasing an additional 80 shares in the last quarter. Penobscot Investment Management Company Inc. increased its position in shares of EOG Resources by 2.0% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock worth $498,000 after purchasing an additional 80 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of EOG Resources by 1.4% during the 4th quarter. TD Private Client Wealth LLC now owns 5,786 shares of the energy exploration company's stock worth $709,000 after purchasing an additional 81 shares in the last quarter. NBT Bank N A NY raised its holdings in shares of EOG Resources by 3.9% in the fourth quarter. NBT Bank N A NY now owns 2,411 shares of the energy exploration company's stock valued at $296,000 after buying an additional 90 shares during the last quarter. Finally, Hancock Whitney Corp lifted its position in EOG Resources by 5.7% during the 4th quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock worth $211,000 after buying an additional 92 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction 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 $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EOG has been the subject of several research reports. JPMorgan Chase & Co. lowered their target price on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Piper Sandler cut their target price on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. UBS Group restated a "buy" rating and set a $140.00 target price (up from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. KeyCorp cut their target price on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, Morgan Stanley set a $135.00 target price on shares of EOG Resources and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of "Moderate Buy" and an average target price of $139.48.

EOG Resources Trading Down 2.7%

EOG Resources stock traded down $3.38 during mid-day trading on Monday, hitting $119.77. 3,691,877 shares of the company's stock were exchanged, compared to its average volume of 3,405,812. The company's 50 day simple moving average is $115.78 and its 200-day simple moving average is $121.28. 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 capitalization of $65.37 billion, a P/E ratio of 11.11, a PEG ratio of 9.94 and a beta of 0.76.

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

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Friday, October 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend 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.