IFM Investors Pty Ltd Purchases 10,481 Shares of EOG Resources, Inc. (NYSE:EOG)

IFM Investors Pty Ltd increased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EOG. Lee Danner & Bass Inc. purchased a new stake in shares of EOG Resources during the 4th quarter worth about $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 in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of EOG Resources during the 1st quarter worth about $34,000. Ameriflex Group Inc. purchased a new stake in shares of EOG Resources during the 4th quarter worth about $36,000. Finally, 10Elms LLP purchased a new stake in shares of EOG Resources during the 4th quarter worth about $44,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Price Performance

EOG stock traded down $3.78 during trading on Monday, hitting $119.37. The company had a trading volume of 1,921,051 shares, compared to its average volume of 3,399,430. The company has a fifty day moving average price of $115.78 and a two-hundred day moving average price of $121.28. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. The company has a market cap of $65.15 billion, a P/E ratio of 11.08, a P/E/G ratio of 9.94 and a beta of 0.76. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. EOG Resources's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.82 EPS. Equities research analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The business also recently declared 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. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. This represents a $4.08 annualized dividend and a yield of 3.42%. EOG Resources's payout ratio is currently 36.18%.

Analysts Set New Price Targets

EOG has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed a "buy" rating and set a $148.00 price target (up from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. UBS Group reissued a "buy" rating and issued a $140.00 price objective (up from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Royal Bank Of Canada reissued an "outperform" rating and issued a $145.00 price objective on shares of EOG Resources in a research note on Friday, June 20th. Citigroup cut their price objective on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, Bank of America cut their price objective on EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, EOG Resources currently has a consensus rating of "Moderate Buy" and an average price target of $139.48.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

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.