EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc raised its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,634 shares of the energy exploration company's stock after purchasing an additional 8,127 shares during the period. Pinnacle Financial Partners Inc's holdings in EOG Resources were worth $23,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources during the 4th quarter worth about $25,000. Lee Danner & Bass Inc. bought a new stake in EOG Resources in the fourth quarter worth about $28,000. Heritage Wealth Advisors boosted its position in shares of EOG Resources by 562.2% during the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after buying an additional 208 shares during the period. Alpine Bank Wealth Management bought a new position in shares of EOG Resources during the first quarter valued at approximately $34,000. Finally, Ameriflex Group Inc. bought a new position in shares of EOG Resources during the fourth quarter valued at approximately $36,000. 89.91% of the stock is owned by institutional investors.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction that occurred 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 transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.

EOG Resources Stock Up 1.3%

EOG Resources stock traded up $1.63 during mid-day trading on Friday, reaching $124.51. 1,437,151 shares of the company were exchanged, compared to its average volume of 3,404,661. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. The firm has a market cap of $67.95 billion, a P/E ratio of 11.55, a PEG ratio of 9.94 and a beta of 0.76. The business has a fifty day moving average of $115.78 and a 200 day moving average of $121.26. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month 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 the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period in the previous year, the company posted $2.82 EPS. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. Research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 3.28%. 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 presently 36.18%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Morgan Stanley set a $135.00 price target on EOG Resources and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Citigroup decreased their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Jefferies Financial Group restated a "buy" rating and issued a $148.00 price target (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. UBS Group reaffirmed a "buy" rating and issued a $140.00 price target (up previously from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Finally, Stephens began coverage on shares of EOG Resources in a report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price objective for the company. Twelve 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $139.48.

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.