Ethos Financial Group LLC Takes $523,000 Position in EOG Resources, Inc. $EOG

Key Points

• Ethos Financial Group LLC has acquired a new stake in EOG Resources, Inc., purchasing 4,080 shares valued at approximately $523,000 during the first quarter.
• Insider trading was noted as COO Jeffrey R. Leitzell sold 3,951 shares for about $472,737, reducing his position by 7.95%.
• EOG Resources recently announced a quarterly dividend increase to $1.02 per share, reflecting a positive change from the previous dividend of $0.98.

Ethos Financial Group LLC bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,080 shares of the energy exploration company's stock, valued at approximately $523,000.

Other institutional investors have also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in shares of EOG Resources during the 1st quarter valued at about $26,000. Alpine Bank Wealth Management acquired a new stake in shares of EOG Resources during the 1st quarter valued at about $34,000. Ameriflex Group Inc. acquired a new stake in shares of EOG Resources during the 4th quarter valued at about $36,000. 10Elms LLP purchased a new position in EOG Resources in the 4th quarter valued at about $44,000. Finally, Stone House Investment Management LLC purchased a new position in EOG Resources in the 1st quarter valued at about $48,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer directly owned 45,739 shares of the company's stock, valued at $5,472,671.35. This trade represents a 7.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EOG has been the topic of a number of research reports. Morgan Stanley set a $135.00 price target on shares of EOG Resources and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Wells Fargo & Company reaffirmed an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Raymond James Financial raised their price target on shares of EOG Resources from $158.00 to $161.00 and gave the company a "strong-buy" rating in a research note on Tuesday, July 22nd. Susquehanna raised their target price on shares of EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a research note on Wednesday, July 23rd. Finally, UBS Group reissued a "buy" rating and issued a $142.00 target price (up from $140.00) on shares of EOG Resources in a research note on Tuesday, August 12th. Twelve analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $140.71.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $119.06 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The company has a market cap of $65.01 billion, a P/E ratio of 11.57, a PEG ratio of 9.15 and a beta of 0.80. 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 moving average price of $120.29 and a 200 day moving average price of $119.33.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company had revenue of $5.48 billion during the quarter, compared to analysts' expectations of $5.45 billion. During the same period last year, the company posted $3.16 earnings per share. The firm's quarterly revenue was down 9.1% compared to the same quarter last year. Research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid 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 dividend on an annualized basis and a dividend yield of 3.4%. EOG Resources's dividend payout ratio is 37.90%.

EOG Resources 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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