Fenimore Asset Management Inc Boosts Holdings in EOG Resources, Inc. (NYSE:EOG)

Fenimore Asset Management Inc grew its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 370,063 shares of the energy exploration company's stock after purchasing an additional 3,600 shares during the quarter. Fenimore Asset Management Inc owned 0.07% of EOG Resources worth $47,457,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources in the fourth quarter valued at approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in EOG Resources in the fourth quarter valued at approximately $28,000. Heritage Wealth Advisors raised its holdings in EOG Resources by 562.2% in the fourth 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 in the last quarter. Sierra Ocean LLC acquired a new stake in EOG Resources in the fourth quarter valued at approximately $32,000. Finally, Newbridge Financial Services Group Inc. raised its holdings in EOG Resources by 643.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 290 shares of the energy exploration company's stock worth $36,000 after purchasing an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on EOG. Piper Sandler cut their target price on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their target price for the company from $150.00 to $130.00 in a report on Friday, April 11th. Bank of America cut their target price on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Raymond James lifted their target price on shares of EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a report on Monday, June 2nd. Finally, Wells Fargo & Company cut their target price on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Eleven investment 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $139.58.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company'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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company's stock.

EOG Resources Price Performance

NYSE:EOG opened at $113.93 on Monday. The firm has a market cap of $62.18 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. 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's 50-day moving average is $111.51 and its two-hundred day moving average is $122.23. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18.

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 for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The firm's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.82 EPS. Research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current 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 issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.58%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio is 36.18%.

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.

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.