EOG Resources, Inc. (NYSE:EOG) Shares Sold by Vest Financial LLC

Vest Financial LLC lowered its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 20.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 217,504 shares of the energy exploration company's stock after selling 56,665 shares during the quarter. Vest Financial LLC's holdings in EOG Resources were worth $27,893,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EOG. Capital World Investors grew its holdings in shares of EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after purchasing an additional 2,270,013 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in EOG Resources by 4.5% during 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. Geode Capital Management LLC increased its position in EOG Resources by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock worth $1,541,282,000 after buying an additional 234,067 shares during the period. Northern Trust Corp lifted its stake in EOG Resources by 2.9% in the fourth quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company's stock valued at $701,036,000 after buying an additional 159,216 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of EOG Resources by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock valued at $696,990,000 after acquiring an additional 365,115 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EOG has been the subject of several recent analyst reports. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their target price for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Mizuho decreased their price objective on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. KeyCorp cut their target price on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. decreased their price target on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, Morgan Stanley set a $135.00 price target on EOG Resources and gave the company an "equal weight" rating in a report on Monday, June 2nd. Eleven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, EOG Resources has an average rating of "Moderate Buy" and an average price target of $139.58.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

EOG Resources Trading Up 2.6%

EOG opened at $113.93 on Friday. The firm's fifty day simple moving average is $111.51 and its 200 day simple moving average is $122.42. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The stock has a market capitalization of $62.18 billion, a P/E ratio of 9.17, a P/E/G ratio of 3.58 and a beta of 0.78. 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 issued its quarterly 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 during the quarter, compared to analysts' expectations of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business's quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the business earned $2.82 EPS. As a group, research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed 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. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.58%. 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 36.18%.

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.

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