Foster Victor Wealth Advisors LLC Raises Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Foster Victor Wealth Advisors LLC raised its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 3,008.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,199 shares of the energy exploration company's stock after acquiring an additional 54,391 shares during the period. Foster Victor Wealth Advisors LLC's holdings in EOG Resources were worth $7,207,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of 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 raised its stake 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 worth $30,000 after purchasing an additional 208 shares during the period. Sierra Ocean LLC bought a new stake in shares of EOG Resources during the 4th quarter worth $32,000. Finally, Ameriflex Group Inc. bought a new stake in shares of EOG Resources during the 4th quarter worth $36,000. 89.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was 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. The trade was a 7.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company's stock.

EOG Resources Price Performance

EOG stock traded up $4.93 during mid-day trading on Friday, reaching $125.52. 7,913,403 shares of the company traded hands, compared to its average volume of 3,329,181. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company has a market capitalization of $68.50 billion, a P/E ratio of 10.11, a P/E/G ratio of 3.58 and a beta of 0.74. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a fifty day moving average price of $111.99 and a 200-day moving average price of $121.83.

EOG Resources (NYSE:EOG - Get Free Report) last posted its 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 business 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 quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.82 EPS. As a group, analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business 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 dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Friday, October 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's payout ratio is presently 36.18%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EOG. Raymond James lifted their target price on EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a research note on Monday, June 2nd. Morgan Stanley set a $135.00 target price on EOG Resources and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Jefferies Financial Group lifted their target price on EOG Resources from $144.00 to $148.00 and gave the stock a "buy" rating in a research note on Friday. JPMorgan Chase & Co. lowered their target price on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Finally, KeyCorp lowered 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. Eleven investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, EOG Resources currently has an average rating of "Moderate Buy" and a consensus target price of $140.00.

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.