EOG Resources, Inc. (NYSE:EOG) Stock Holdings Decreased by Praxis Investment Management Inc.

Praxis Investment Management Inc. lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,700 shares of the energy exploration company's stock after selling 3,080 shares during the quarter. Praxis Investment Management Inc.'s holdings in EOG Resources were worth $3,552,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EOG. Mainstream Capital Management LLC acquired a new stake in EOG Resources during the 4th quarter worth $25,000. Lee Danner & Bass Inc. acquired a new position in shares of EOG Resources during the 4th quarter valued at about $28,000. Heritage Wealth Advisors boosted its position in shares of 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 acquiring an additional 208 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of EOG Resources during the 4th quarter valued at about $36,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of EOG Resources during the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company's stock.

EOG Resources Price Performance

Shares of EOG traded up $1.62 during mid-day trading on Friday, reaching $125.40. 11,228,066 shares of the company's stock were exchanged, compared to its average volume of 3,372,209. The company has a market cap of $68.44 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 10.24 and a beta of 0.74. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a 50-day simple moving average of $113.49 and a two-hundred day simple moving average of $121.56.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts' consensus estimates 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 26.14% and a return on equity of 22.35%. EOG Resources's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the business earned $2.82 EPS. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a dividend of $1.02 per share. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.25%. EOG Resources's payout ratio is presently 36.18%.

Analyst Ratings Changes

Several brokerages have recently weighed in on EOG. Bank of America lowered their price target on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Morgan Stanley set a $135.00 target price on shares of EOG Resources and gave the company an "equal weight" rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. decreased their target price on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Mizuho decreased their target price on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Citigroup decreased their target price on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, EOG Resources currently has an average rating of "Moderate Buy" and a consensus price target of $139.48.

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.