Parkside Investments LLC Has $6.80 Million Position in EOG Resources, Inc. (NYSE:EOG)

Parkside Investments LLC lowered its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 13.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,045 shares of the energy exploration company's stock after selling 8,234 shares during the period. Parkside Investments LLC's holdings in EOG Resources were worth $6,802,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Essex Financial Services Inc. boosted its stake in EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock worth $753,000 after purchasing an additional 79 shares in the last quarter. Valmark Advisers Inc. lifted its position in EOG Resources by 2.6% during the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock worth $385,000 after buying an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators grew its holdings in EOG Resources by 8.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock worth $121,000 after acquiring an additional 80 shares during the last quarter. 1ST Source Bank increased its position in EOG Resources by 1.5% in the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock valued at $656,000 after acquiring an additional 80 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. raised its stake in shares of EOG Resources by 2.0% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock worth $498,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Trading Up 4.1%

Shares of NYSE:EOG traded up $4.93 during mid-day trading on Friday, reaching $125.52. The stock had a trading volume of 7,913,403 shares, compared to its average volume of 3,327,264. The firm has a 50 day simple moving average of $111.58 and a two-hundred day simple moving average of $121.95. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The firm has a market cap of $68.50 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the business posted $2.82 earnings per share. On average, 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 disclosed 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 represents a $4.08 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Friday, October 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm'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 sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

EOG has been the subject of a number of research reports. Jefferies Financial Group raised their price target on shares of EOG Resources from $144.00 to $148.00 and gave the company a "buy" rating in a report on Friday. Raymond James increased their price objective on EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a research report on Monday, June 2nd. Williams Trading set a $154.00 target price on EOG Resources in a research note on Wednesday, March 5th. Bank of America cut their price target on EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Finally, Wall Street Zen cut EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Eleven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EOG Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.00.

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.