EOG Resources, Inc. (NYSE:EOG) Holdings Reduced by QV Investors Inc.

QV Investors Inc. cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 7.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,495 shares of the energy exploration company's stock after selling 6,675 shares during the period. QV Investors Inc.'s holdings in EOG Resources were worth $10,194,000 as of its most recent SEC filing.

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

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated 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 sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. This represents a 7.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

EOG Resources Stock Up 0.5%

EOG stock traded up $0.57 during trading on Thursday, reaching $111.34. The stock had a trading volume of 667,996 shares, compared to its average volume of 3,269,038. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $60.77 billion, a P/E ratio of 8.96, a PEG ratio of 3.58 and a beta of 0.78. The firm has a fifty day moving average price of $112.16 and a 200 day moving average price of $122.74.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data 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 net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same quarter in the previous year, the business posted $2.82 EPS. The firm's revenue was down 7.4% compared to the same quarter last year. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.66%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's payout ratio is presently 36.18%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EOG shares. Bank of America decreased their target price on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Wall Street Zen downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Raymond James raised their price objective on shares of EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a research report on Monday. Mizuho reduced their price target on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. reduced their price target 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. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average 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.