EOG Resources, Inc. (NYSE:EOG) Stock Holdings Cut by OLD National Bancorp IN

OLD National Bancorp IN reduced its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 13.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,243 shares of the energy exploration company's stock after selling 9,276 shares during the quarter. OLD National Bancorp IN's holdings in EOG Resources were worth $7,854,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new position in EOG Resources during the 4th quarter valued at $25,000. Lee Danner & Bass Inc. bought a new position in EOG Resources during the 4th quarter valued at $28,000. Heritage Wealth Advisors boosted its stake in EOG Resources by 562.2% during the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after purchasing an additional 208 shares in the last quarter. Sierra Ocean LLC bought a new position in EOG Resources during the 4th quarter valued at $32,000. Finally, Ameriflex Group Inc. bought a new position in EOG Resources during the 4th quarter valued at $36,000. 89.91% of the stock is owned by institutional investors.

EOG Resources Price Performance

EOG opened at $113.93 on Friday. The stock has a fifty day moving average of $111.51 and a 200-day moving average of $122.32. The firm has a market capitalization of $62.18 billion, a P/E ratio of 9.17, a PEG ratio of 3.58 and a beta of 0.74. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 earnings per share. Equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.58%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's payout ratio is 36.18%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated 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 in the company, valued at $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group reiterated a "buy" rating and set a $140.00 price objective (up previously from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. cut their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. 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. Williams Trading set a $154.00 price objective on EOG Resources in a research report on Wednesday, March 5th. Finally, Morgan Stanley set a $135.00 price objective on EOG Resources and gave the company an "equal weight" rating in a research 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.58.

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.

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.