IFM Investors Pty Ltd Boosts Stake in EOG Resources, Inc. (NYSE:EOG)

IFM Investors Pty Ltd lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 121,926 shares of the energy exploration company's stock after buying 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 SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Lee Danner & Bass Inc. purchased a new position in shares of EOG Resources during the fourth quarter valued at approximately $28,000. Heritage Wealth Advisors lifted its stake in shares of EOG Resources by 562.2% during the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after buying an additional 208 shares during the period. Alpine Bank Wealth Management purchased a new position in shares of EOG Resources during the first quarter valued at approximately $34,000. Ameriflex Group Inc. purchased a new position in shares of EOG Resources during the fourth quarter valued at approximately $36,000. Finally, 10Elms LLP purchased a new position in shares of EOG Resources during the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Trading Up 1.3%

Shares of EOG Resources stock traded up $1.63 during trading hours on Friday, hitting $124.51. The company's stock had a trading volume of 1,437,151 shares, compared to its average volume of 3,404,661. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The business has a fifty day moving average of $115.78 and a 200 day moving average of $121.26. The company has a market capitalization of $67.95 billion, a PE ratio of 11.55, a P/E/G ratio of 9.94 and a beta of 0.76. 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 (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.12. The company 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 business's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.82 earnings per share. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The company also recently declared 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 represents a $4.08 dividend on an annualized basis and a yield of 3.28%. 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. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

Analyst Ratings Changes

Several equities analysts recently issued reports on EOG shares. Wells Fargo & Company reissued an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. Barclays increased their price target on shares of EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their price target for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. KeyCorp cut their price target on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Twelve equities research 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 company. According to data from MarketBeat.com, EOG Resources has an average rating of "Moderate Buy" and an average price target of $139.48.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer directly owned 45,739 shares of the company's stock, valued at $5,472,671.35. This represents a 7.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

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.