Edgestream Partners L.P. Raises Stock Position in EOG Resources, Inc. (NYSE:EOG)

Edgestream Partners L.P. boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 167.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,375 shares of the energy exploration company's stock after buying an additional 48,398 shares during the quarter. Edgestream Partners L.P.'s holdings in EOG Resources were worth $9,923,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EOG. Lee Danner & Bass Inc. purchased a new stake in shares of EOG Resources during the fourth quarter valued at approximately $28,000. Heritage Wealth Advisors grew its position in shares of EOG Resources by 562.2% during the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after purchasing an additional 208 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of EOG Resources in the first quarter worth approximately $34,000. Ameriflex Group Inc. purchased a new position in shares of EOG Resources in the 4th quarter worth about $36,000. Finally, 10Elms LLP bought a new stake in EOG Resources in the fourth quarter worth $44,000. Institutional investors own 89.91% of the company's stock.

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 dated 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 $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Roth Capital downgraded shares of EOG Resources from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $140.00 to $134.00 in a research report on Wednesday, July 9th. Mizuho dropped their target price on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Stephens assumed coverage on shares of EOG Resources in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 target price for the company. Raymond James Financial boosted their target price on shares of EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a research report on Monday, June 2nd. Finally, Barclays increased their price target on shares of EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $139.00.

EOG Resources Price Performance

Shares of EOG traded down $0.28 during midday trading on Monday, hitting $122.76. 3,074,466 shares of the company traded hands, compared to its average volume of 3,753,177. The stock has a market cap of $67.00 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 9.93 and a beta of 0.76. The firm has a 50 day moving average of $116.79 and a 200-day moving average of $121.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

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. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.82 EPS. On average, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.32%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's payout ratio is presently 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.