EOG Resources, Inc. (NYSE:EOG) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 121,926 shares of the energy exploration company's stock after acquiring an additional 10,481 shares during the period. IFM Investors Pty Ltd's holdings in EOG Resources were worth $14,988,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. 1ST Source Bank increased its position in EOG Resources by 1.5% during the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock valued at $656,000 after acquiring an additional 80 shares during the last quarter. Penobscot Investment Management Company Inc. grew its holdings in shares of EOG Resources by 2.0% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock worth $498,000 after purchasing an additional 80 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in shares of EOG Resources by 1.4% in the fourth quarter. TD Private Client Wealth LLC now owns 5,786 shares of the energy exploration company's stock worth $709,000 after purchasing an additional 81 shares during the last quarter. NBT Bank N A NY grew its holdings in shares of EOG Resources by 3.9% in the fourth quarter. NBT Bank N A NY now owns 2,411 shares of the energy exploration company's stock worth $296,000 after purchasing an additional 90 shares during the last quarter. Finally, Hancock Whitney Corp grew its holdings in shares of EOG Resources by 5.7% in the fourth quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock worth $211,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of research analyst reports. Mizuho cut their price target on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. UBS Group restated a "buy" rating and issued a $140.00 price target (up from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. Raymond James Financial upped their price target on shares of EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a report on Monday, June 2nd. Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Finally, Bank of America cut their price target 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. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.24.

EOG Resources Stock Up 3.6%

Shares of EOG stock traded up $4.31 during mid-day trading on Tuesday, hitting $123.92. 3,753,426 shares of the stock traded hands, compared to its average volume of 3,410,297. The stock has a market cap of $67.63 billion, a P/E ratio of 11.50, a P/E/G ratio of 9.65 and a beta of 0.76. The stock's fifty day moving average is $116.11 and its two-hundred day moving average is $121.31. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate 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 net margin of 26.14% and a return on equity of 22.35%. The company's quarterly revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.82 earnings per share. Equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a $1.02 dividend. The ex-dividend date is Friday, October 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a yield of 3.29%. EOG Resources's dividend payout ratio (DPR) is 36.18%.

Insider Buying and Selling

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

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.