EOG Resources, Inc. (NYSE:EOG) Shares Bought by Wesbanco Bank Inc.

Wesbanco Bank Inc. boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 5.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,987 shares of the energy exploration company's stock after purchasing an additional 5,192 shares during the quarter. Wesbanco Bank Inc.'s holdings in EOG Resources were worth $13,977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EOG. Mountain Lake Investment Management LLC acquired a new position in EOG Resources during the fourth quarter worth $735,000. Silvercrest Asset Management Group LLC raised its position in shares of 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 purchasing an additional 106,677 shares during the last quarter. Marble Harbor Investment Counsel LLC lifted its stake in EOG Resources by 3.2% in the 4th quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company's stock valued at $12,630,000 after buying an additional 3,150 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after buying an additional 781,282 shares during the last quarter. Finally, Essential Planning LLC. purchased a new stake in EOG Resources during the 4th quarter worth approximately $1,660,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by company insiders.

EOG Resources Stock Performance

Shares of EOG stock opened at $113.93 on Monday. 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 cap of $62.18 billion, a P/E ratio of 9.17, a P/E/G ratio of 3.58 and a beta of 0.74. The firm's 50 day moving average price is $111.51 and its 200-day moving average price is $122.23. EOG Resources, Inc. has a one year low of $102.52 and a one year 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 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 company had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same period in the prior year, the firm earned $2.82 earnings per share. The firm's revenue was down 7.4% compared to the same quarter last year. As a group, equities research analysts predict 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 paid a dividend of $1.02 per share. 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. This represents a $4.08 annualized dividend and a yield of 3.58%. EOG Resources's dividend payout ratio is presently 36.18%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EOG. Susquehanna lowered their price target on EOG Resources from $161.00 to $156.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Mizuho lowered their target price on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. JPMorgan Chase & Co. reduced their target price 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 restated a "buy" rating and set a $140.00 price target (up from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. Finally, Barclays upped their price objective on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Eleven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.