Toronto Dominion Bank Grows Stock Position in EOG Resources, Inc. (NYSE:EOG)

Toronto Dominion Bank grew its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 325,238 shares of the energy exploration company's stock after purchasing an additional 18,709 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of EOG Resources worth $39,867,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Brookstone Capital Management increased its holdings in shares of EOG Resources by 105.5% in the 4th quarter. Brookstone Capital Management now owns 3,623 shares of the energy exploration company's stock valued at $444,000 after acquiring an additional 1,860 shares during the period. SeaCrest Wealth Management LLC purchased a new position in shares of EOG Resources during the fourth quarter worth about $226,000. Burney Co. grew its stake in shares of EOG Resources by 73.7% in the 4th quarter. Burney Co. now owns 3,559 shares of the energy exploration company's stock valued at $436,000 after purchasing an additional 1,510 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of EOG Resources by 40.0% during the fourth quarter. Ritholtz Wealth Management now owns 5,910 shares of the energy exploration company's stock worth $724,000 after purchasing an additional 1,690 shares during the period. Finally, Fermata Advisors LLC acquired a new stake in shares of EOG Resources in the 4th quarter worth $443,000. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Price Performance

EOG traded down $1.17 during midday trading on Friday, reaching $109.63. 685,811 shares of the company's stock were exchanged, compared to its average volume of 3,288,332. The business's 50-day moving average price is $114.96 and its 200 day moving average price is $124.02. The stock has a market capitalization of $59.83 billion, a PE ratio of 8.82, a P/E/G ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

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

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be given a $0.975 dividend. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.56%. EOG Resources's dividend payout ratio is currently 36.18%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Wall Street Zen downgraded EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. KeyCorp cut their price objective on EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Wells Fargo & Company decreased their target price on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. 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 company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $140.84.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's 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 transaction, the chief operating officer now owns 47,732 shares of the company's stock, 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 filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

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.