Chilton Capital Management LLC Cuts Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Chilton Capital Management LLC lessened its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 16.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,142 shares of the energy exploration company's stock after selling 2,230 shares during the period. Chilton Capital Management LLC's holdings in EOG Resources were worth $1,429,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. 1ST Source Bank lifted its holdings in EOG Resources by 1.5% during the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock worth $656,000 after buying an additional 80 shares during the period. Penobscot Investment Management Company Inc. lifted its stake 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 during the last quarter. TD Private Client Wealth LLC lifted its stake 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 during the last quarter. NBT Bank N A NY lifted its stake in shares of EOG Resources by 3.9% during the 4th quarter. NBT Bank N A NY now owns 2,411 shares of the energy exploration company's stock worth $296,000 after purchasing an additional 90 shares during the last quarter. Finally, Hancock Whitney Corp lifted its stake in shares of 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 purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target 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. UBS Group reissued a "buy" rating and set a $140.00 target price (up previously from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. Royal Bank Of Canada reissued an "outperform" rating and set a $145.00 target price on shares of EOG Resources in a research report on Friday, June 20th. Barclays increased their target price on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Finally, Raymond James Financial increased their price objective on EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a report on Monday, June 2nd. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.48.

EOG Resources Stock Performance

EOG traded up $1.63 on Friday, reaching $124.51. The stock had a trading volume of 1,437,151 shares, compared to its average volume of 3,404,661. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. 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 business's 50-day moving average price is $115.78 and its two-hundred day moving average price is $121.26. The company has a market cap of $67.95 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 9.94 and a beta of 0.76.

EOG Resources (NYSE:EOG - Get Free Report) last announced 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. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. EOG Resources's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.82 EPS. Sell-side 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. Investors of record on Friday, October 17th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.28%. The ex-dividend date is Friday, October 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's payout ratio is presently 36.18%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction 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 sale, the chief operating officer owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

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.