Massachusetts Financial Services Co. MA Acquires 60,454 Shares of EOG Resources, Inc. (NYSE:EOG)

Massachusetts Financial Services Co. MA lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,530,260 shares of the energy exploration company's stock after purchasing an additional 60,454 shares during the period. Massachusetts Financial Services Co. MA owned about 1.00% of EOG Resources worth $709,201,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in EOG. Dakota Wealth Management boosted its holdings in EOG Resources by 257.6% in the first quarter. Dakota Wealth Management now owns 8,300 shares of the energy exploration company's stock worth $1,064,000 after purchasing an additional 5,979 shares during the period. Apollon Wealth Management LLC raised its holdings in shares of EOG Resources by 3.9% during the first quarter. Apollon Wealth Management LLC now owns 27,093 shares of the energy exploration company's stock valued at $3,474,000 after acquiring an additional 1,028 shares during the period. Sigma Planning Corp lifted its stake in EOG Resources by 1.6% in the 1st quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company's stock worth $803,000 after acquiring an additional 97 shares in the last quarter. Catalyst Financial Partners LLC grew its position in EOG Resources by 5.9% during the first quarter. Catalyst Financial Partners LLC now owns 2,012 shares of the energy exploration company's stock valued at $258,000 after purchasing an additional 112 shares in the last quarter. Finally, Evergreen Private Wealth LLC grew its holdings in shares of EOG Resources by 2.0% during the 1st quarter. Evergreen Private Wealth LLC now owns 24,682 shares of the energy exploration company's stock valued at $3,165,000 after acquiring an additional 487 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on EOG. Raymond James Financial increased their price objective on EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a report on Monday, June 2nd. KeyCorp dropped their price target on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Morgan Stanley set a $135.00 price objective on shares of EOG Resources and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their target price for the company from $150.00 to $130.00 in a research report on Friday, April 11th. Finally, Mizuho dropped their price objective on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $139.00.

EOG Resources Trading Down 0.7%

Shares of NYSE:EOG traded down $0.81 during mid-day trading on Wednesday, reaching $118.90. The stock had a trading volume of 3,682,384 shares, compared to its average volume of 3,415,607. The firm has a 50 day simple moving average of $117.52 and a two-hundred day simple moving average of $121.34. The firm has a market cap of $64.90 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 9.68 and a beta of 0.76. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12.

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 (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period in the previous year, the firm earned $2.82 EPS. EOG Resources's quarterly revenue was down 7.4% compared to the same quarter last year. On average, research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $1.02 dividend. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 annualized dividend and a yield of 3.43%. EOG Resources's payout ratio is presently 36.18%.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the transaction, the chief operating officer 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company's stock.

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.