LVM Capital Management Ltd. MI Grows Holdings in EOG Resources, Inc. (NYSE:EOG)

LVM Capital Management Ltd. MI lifted its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 6.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,992 shares of the energy exploration company's stock after buying an additional 5,230 shares during the quarter. EOG Resources makes up about 1.2% of LVM Capital Management Ltd. MI's investment portfolio, making the stock its 26th largest position. LVM Capital Management Ltd. MI's holdings in EOG Resources were worth $11,156,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of EOG. Financial Life Planners bought a new stake in EOG Resources during the 4th quarter valued at $25,000. Y.D. More Investments Ltd lifted its position in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after acquiring an additional 121 shares during the last quarter. Mainstream Capital Management LLC acquired a new stake in EOG Resources in the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. purchased a new position in EOG Resources in the fourth quarter worth $27,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of EOG Resources during the fourth quarter worth $28,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This trade represents a 7.80% 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 link. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on EOG shares. Wells Fargo & Company reduced their target price on EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Williams Trading set a $154.00 target price on shares of EOG Resources in a research note on Wednesday, March 5th. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and lowered their price objective for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Morgan Stanley raised their target price on EOG Resources from $132.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Monday. Finally, Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $139.58.

EOG Resources Trading Down 1.5%

EOG traded down $1.68 on Wednesday, hitting $111.14. The company had a trading volume of 1,568,281 shares, compared to its average volume of 3,277,275. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The firm has a market cap of $60.66 billion, a P/E ratio of 8.95, a PEG ratio of 3.58 and a beta of 0.78. The company's fifty day moving average price is $112.48 and its 200 day moving average price is $122.82. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period last year, the business posted $2.82 earnings per share. The company's quarterly revenue was down 7.4% on a year-over-year basis. As a group, equities analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.67%. 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 payout ratio is 36.18%.

EOG Resources Company 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.