Fragasso Financial Advisors Inc Raises Holdings in EOG Resources, Inc. (NYSE:EOG)

Fragasso Financial Advisors Inc lifted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 382.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,142 shares of the energy exploration company's stock after buying an additional 15,175 shares during the period. Fragasso Financial Advisors Inc's holdings in EOG Resources were worth $2,455,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EOG. Financial Life Planners bought a new position in EOG Resources during the 4th quarter valued at about $25,000. Y.D. More Investments Ltd grew its holdings in EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. Mainstream Capital Management LLC bought a new position in EOG Resources during the 4th quarter valued at about $25,000. Keystone Financial Group Inc. bought a new position in EOG Resources during the 4th quarter valued at about $27,000. Finally, Lee Danner & Bass Inc. bought a new position in EOG Resources during the 4th quarter valued at about $28,000. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Price Performance

EOG stock traded up $0.57 during trading on Thursday, hitting $111.34. The stock had a trading volume of 667,996 shares, compared to its average volume of 3,269,038. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company's 50-day moving average price is $112.16 and its two-hundred day moving average price is $122.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The stock has a market capitalization of $60.77 billion, a P/E ratio of 8.96, a PEG ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same period in the previous year, the company posted $2.82 earnings per share. The business's revenue was down 7.4% on a year-over-year basis. As a group, research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently announced 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 3.66%. 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 payout ratio is 36.18%.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EOG. KeyCorp cut their price target on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. UBS Group upped their price target on shares of EOG Resources from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday. Williams Trading set a $154.00 price objective on shares of EOG Resources in a research note on Wednesday, March 5th. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their price objective for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Finally, Morgan Stanley boosted their price objective on shares of EOG Resources from $132.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Monday. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources presently has an average rating of "Moderate Buy" and a consensus price target of $139.58.

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.