EOG Resources, Inc. $EOG Shares Bought by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC increased its holding in EOG Resources, Inc. by 19.3% during the first quarter, owning 109,928 shares valued at approximately $14.1 million.
• EOG Resources reported $2.32 earnings per share for the last quarter, surpassing analyst estimates, but its revenue decreased 9.1% year-over-year.
• The company announced a quarterly dividend increase to $1.02 per share, representing a yield of 3.5%, set to be paid on October 31st.

Aptus Capital Advisors LLC grew its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 19.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 109,928 shares of the energy exploration company's stock after buying an additional 17,789 shares during the quarter. Aptus Capital Advisors LLC's holdings in EOG Resources were worth $14,097,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Silvercrest Asset Management Group LLC lifted its holdings in 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 worth $101,256,000 after buying an additional 106,677 shares during the last quarter. ARGA Investment Management LP lifted its stake in EOG Resources by 24.2% during the first quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company's stock worth $1,724,000 after purchasing an additional 2,616 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in EOG Resources by 15.3% in the first 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 in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in EOG Resources by 37.9% in the first 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 in the last quarter. Finally, Pinnacle Financial Partners Inc increased its stake in EOG Resources by 4.7% in the first 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. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Down 1.2%

NYSE EOG opened at $117.60 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $64.21 billion, a P/E ratio of 11.43, a P/E/G ratio of 9.15 and a beta of 0.80. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The firm has a 50-day moving average price of $120.36 and a 200 day moving average price of $119.27.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.18. The company had revenue of $5.48 billion for the quarter, compared to analysts' expectations 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 in the previous year, the firm posted $3.16 EPS. Equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current 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 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 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's dividend payout ratio is currently 39.65%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EOG shares. Morgan Stanley set a $135.00 price objective on shares of EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Royal Bank Of Canada decreased their price objective on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a research note on Tuesday, July 8th. UBS Group reaffirmed a "buy" rating and set a $142.00 price objective (up previously from $140.00) on shares of EOG Resources in a report on Tuesday, August 12th. Raymond James Financial lifted their target price on EOG Resources from $158.00 to $161.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 22nd. Finally, Barclays upped their target price on EOG Resources from $137.00 to $140.00 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $140.71.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction 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 completion of the sale, the chief operating officer 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

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.

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