Independent Advisor Alliance Has $4.46 Million Position in EOG Resources, Inc. (NYSE:EOG)

Key Points

• Independent Advisor Alliance increased its stake in EOG Resources by 6.8%, owning 34,804 shares valued at $4.46 million.
• EOG Resources reported a quarterly earnings per share of $2.32, exceeding analyst expectations and indicating a 25.25% net margin.
• The company declared a quarterly dividend increase to $1.02 per share, resulting in a dividend yield of 3.5%.

Independent Advisor Alliance grew its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,804 shares of the energy exploration company's stock after acquiring an additional 2,202 shares during the period. Independent Advisor Alliance's holdings in EOG Resources were worth $4,463,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Silvercrest Asset Management Group LLC raised its stake in EOG Resources by 14.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock worth $101,256,000 after buying an additional 106,677 shares during the period. ARGA Investment Management LP increased its position in shares of EOG Resources by 24.2% in the first quarter. ARGA Investment Management LP now owns 13,441 shares of the energy exploration company's stock valued at $1,724,000 after acquiring an additional 2,616 shares during the last quarter. CWA Asset Management Group LLC increased its position in shares of EOG Resources by 15.3% in the first quarter. CWA Asset Management Group LLC now owns 20,344 shares of the energy exploration company's stock valued at $2,609,000 after acquiring an additional 2,697 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of EOG Resources by 37.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,603 shares of the energy exploration company's stock valued at $20,852,000 after acquiring an additional 44,687 shares during the last quarter. Finally, Pinnacle Financial Partners Inc increased its position in EOG Resources by 4.7% during the first quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company's stock worth $23,032,000 after buying an additional 8,127 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Price Performance

Shares of NYSE EOG opened at $116.81 on Tuesday. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a 50 day simple moving average of $119.74 and a two-hundred day simple moving average of $119.65. The company has a market capitalization of $63.77 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 8.90 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The business had revenue of $5.48 billion during the quarter, compared to the consensus estimate of $5.45 billion. During the same quarter last year, the firm earned $3.16 earnings per share. The business's revenue for the quarter was down 9.1% on a year-over-year basis. Analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.5%. This is a boost from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio is 37.90%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Raymond James Financial boosted their price target on EOG Resources from $158.00 to $161.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company restated an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Susquehanna boosted their price objective on EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. UBS Group reiterated a "buy" rating and issued a $140.00 price target (up from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Finally, Royal Bank Of Canada lowered their price target on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a report on Tuesday, July 8th. Twelve 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $140.62.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate 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.

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