KBC Group NV Has $14.21 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

KBC Group NV trimmed its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,824 shares of the energy exploration company's stock after selling 3,412 shares during the quarter. KBC Group NV's holdings in EOG Resources were worth $14,212,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EOG. Mainstream Capital Management LLC bought a new position in shares of EOG Resources in the fourth quarter valued at $25,000. Lee Danner & Bass Inc. acquired a new stake in EOG Resources in the fourth quarter valued at $28,000. Heritage Wealth Advisors grew its position in shares of EOG Resources by 562.2% in the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after acquiring an additional 208 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of EOG Resources in the 1st quarter valued at about $34,000. Finally, Ameriflex Group Inc. acquired a new stake in EOG Resources in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Price Performance

Shares of EOG traded up $1.63 during trading hours on Friday, hitting $124.51. 1,437,151 shares of the company were exchanged, compared to its average volume of 3,404,460. 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, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The company has a market cap of $67.95 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 9.94 and a beta of 0.76. The firm's fifty day moving average is $115.55 and its 200 day moving average is $121.24.

EOG Resources (NYSE:EOG - Get Free Report) last released its 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. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same period last year, the firm earned $2.82 EPS. The business's quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This is an increase from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.28%. The ex-dividend date is Friday, October 17th. EOG Resources's payout ratio is currently 36.18%.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources 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 in the company, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EOG. Citigroup cut their price objective on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Raymond James Financial raised their price target on EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a report on Monday, June 2nd. JPMorgan Chase & Co. decreased their price objective on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Jefferies Financial Group reissued a "buy" rating and issued a $148.00 price objective (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Finally, Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their target price for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.48.

About EOG Resources

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.