Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 7,163 Shares of EOG Resources, Inc. (NYSE:EOG)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,416,915 shares of the energy exploration company's stock after selling 7,163 shares during the period. EOG Resources accounts for approximately 1.7% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's portfolio, making the stock its 20th largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.26% of EOG Resources worth $181,705,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Wealthfront Advisers LLC boosted its position in shares of EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock valued at $349,627,000 after acquiring an additional 2,792,092 shares during the last quarter. Capital World Investors raised its stake in EOG Resources by 5.2% in the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after purchasing an additional 2,270,013 shares in the last quarter. Raymond James Financial Inc. bought a new stake in EOG Resources during the fourth quarter valued at approximately $171,193,000. GAMMA Investing LLC grew its stake in EOG Resources by 14,784.1% in the 1st quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock worth $164,323,000 after buying an additional 1,272,765 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after buying an additional 781,282 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Up 1.0%

NYSE EOG opened at $121.06 on Friday. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The stock has a market capitalization of $66.07 billion, a PE ratio of 11.23, a PEG ratio of 9.63 and a beta of 0.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. The business's 50-day moving average is $114.49 and its 200 day moving average is $121.40.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping analysts' consensus estimates 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 business's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company earned $2.82 EPS. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business 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 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, October 17th. EOG Resources's payout ratio is presently 36.18%.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday, June 2nd. UBS Group reaffirmed a "buy" rating and set a $140.00 price target (up previously from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Williams Trading set a $154.00 price objective on EOG Resources in a research report on Wednesday, March 5th. KeyCorp dropped their target price on EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $148.00 target price (up previously from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. Twelve investment 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $139.48.

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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