Park Avenue Securities LLC Increases Holdings in EOG Resources, Inc. (NYSE:EOG)

Park Avenue Securities LLC increased its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 25.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,373 shares of the energy exploration company's stock after buying an additional 8,016 shares during the period. Park Avenue Securities LLC's holdings in EOG Resources were worth $5,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Capital World Investors increased its holdings in shares of EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after acquiring an additional 2,270,013 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in EOG Resources by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after purchasing an additional 781,282 shares during the last quarter. Geode Capital Management LLC increased its stake in EOG Resources by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock valued at $1,541,282,000 after purchasing an additional 234,067 shares in the last quarter. Northern Trust Corp increased its stake in EOG Resources by 2.9% during the 4th quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company's stock valued at $701,036,000 after purchasing an additional 159,216 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in EOG Resources by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock worth $696,990,000 after buying an additional 365,115 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

EOG Resources Stock Performance

Shares of EOG stock traded up $0.63 during mid-day trading on Thursday, reaching $120.55. 3,318,580 shares of the company's stock traded hands, compared to its average volume of 3,299,937. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market capitalization of $65.79 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The firm has a 50 day moving average price of $111.34 and a two-hundred day moving average price of $122.03.

EOG Resources (NYSE:EOG - Get Free Report) last released its 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 return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same period in the previous year, the business earned $2.82 earnings per share. EOG Resources's quarterly revenue was down 7.4% compared to the same quarter last year. On average, research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The company also recently announced 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 3.38%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio is currently 36.18%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on EOG shares. JPMorgan Chase & Co. cut their price target on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Bank of America lowered their price objective on EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Citigroup reduced their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Barclays upped their price target on EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a report on Monday, June 2nd. Finally, Raymond James lifted their price objective on EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a report on Monday, June 2nd. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $139.58.

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.