EOG Resources, Inc. (NYSE:EOG) Stock Holdings Increased by Ledyard National Bank

Ledyard National Bank raised its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 15.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,644 shares of the energy exploration company's stock after acquiring an additional 4,326 shares during the quarter. Ledyard National Bank's holdings in EOG Resources were worth $4,058,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. 1ST Source Bank grew its holdings in EOG Resources by 1.5% during the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock valued at $656,000 after purchasing an additional 80 shares in the last quarter. Penobscot Investment Management Company Inc. grew its stake in shares of EOG Resources by 2.0% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock valued at $498,000 after acquiring an additional 80 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of EOG Resources by 1.4% during the fourth quarter. TD Private Client Wealth LLC now owns 5,786 shares of the energy exploration company's stock worth $709,000 after acquiring an additional 81 shares during the last quarter. Advisor OS LLC increased its position in shares of EOG Resources by 3.1% during the fourth quarter. Advisor OS LLC now owns 2,751 shares of the energy exploration company's stock worth $337,000 after acquiring an additional 82 shares during the last quarter. Finally, NBT Bank N A NY lifted its stake 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 acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EOG shares. Williams Trading set a $154.00 price objective on EOG Resources in a research note on Wednesday, March 5th. Morgan Stanley set a $135.00 price target on shares of EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Royal Bank Of Canada restated an "outperform" rating and issued a $145.00 price target on shares of EOG Resources in a research note on Friday, June 20th. Bank of America reduced their price objective on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Finally, Wells Fargo & Company raised their price objective on shares of EOG Resources from $146.00 to $148.00 and gave the stock an "overweight" rating in a report on Monday, June 16th. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $139.48.

EOG Resources Stock Performance

Shares of EOG Resources stock traded down $0.79 on Wednesday, reaching $119.89. 2,798,991 shares of the company were exchanged, compared to its average volume of 3,381,498. The firm has a market cap of $65.43 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 9.97 and a beta of 0.74. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. The company's 50-day moving average is $114.05 and its two-hundred day moving average is $121.46.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.12. The firm 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%. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the company earned $2.82 earnings per share. As a group, research analysts expect 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. Investors of record on Friday, October 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Friday, October 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio (DPR) is 36.18%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company's stock.

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.