EOG Resources, Inc. (NYSE:EOG) Stake Increased by Monte Financial Group LLC

Monte Financial Group LLC grew its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 12.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,221 shares of the energy exploration company's stock after purchasing an additional 5,591 shares during the period. EOG Resources makes up about 2.7% of Monte Financial Group LLC's holdings, making the stock its 9th largest holding. Monte Financial Group LLC's holdings in EOG Resources were worth $6,569,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Mainstream Capital Management LLC acquired a new position in EOG Resources during the fourth quarter worth $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of EOG Resources in the fourth quarter valued at $28,000. Heritage Wealth Advisors raised its stake in shares of EOG Resources by 562.2% in the fourth 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 in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of EOG Resources in the fourth quarter valued at $36,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of EOG Resources in the fourth quarter valued at $40,000. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of EOG traded up $1.62 during midday trading on Friday, reaching $125.40. 11,228,066 shares of the stock were exchanged, compared to its average volume of 3,372,209. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The business's 50-day moving average price is $113.49 and its 200 day moving average price is $121.56. The company has a market capitalization of $68.44 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 10.24 and a beta of 0.74.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. The business 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 company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.82 earnings per share. On average, sell-side analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a $1.02 dividend. The ex-dividend date is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.25%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's payout ratio is presently 36.18%.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business'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 value of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Citigroup reduced their price objective on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Jefferies Financial Group reiterated a "buy" rating and issued a $148.00 price objective (up from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $145.00 price objective on shares of EOG Resources in a research note on Friday. Barclays increased their target price on EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a report on Monday, June 2nd. Finally, Raymond James Financial increased their target price on EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a report on Monday, June 2nd. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.