Parr Mcknight Wealth Management Group LLC Takes Position in EOG Resources, Inc. (NYSE:EOG)

Parr Mcknight Wealth Management Group LLC bought a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,589 shares of the energy exploration company's stock, valued at approximately $1,666,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mountain Lake Investment Management LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at about $735,000. Silvercrest Asset Management Group LLC raised its holdings in shares of EOG Resources by 14.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 826,038 shares of the energy exploration company's stock valued at $101,256,000 after purchasing an additional 106,677 shares in the last quarter. Tobam bought a new stake in shares of EOG Resources during the 4th quarter worth about $352,000. Twelve Points Wealth Management LLC raised its holdings in EOG Resources by 27.2% in the 4th quarter. Twelve Points Wealth Management LLC now owns 24,579 shares of the energy exploration company's stock worth $3,013,000 after acquiring an additional 5,259 shares during the period. Finally, Marble Harbor Investment Counsel LLC lifted its position in shares of EOG Resources by 3.2% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 103,037 shares of the energy exploration company's stock worth $12,630,000 after purchasing an additional 3,150 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Stock Up 0.1%

Shares of EOG traded up $0.07 during mid-day trading on Wednesday, hitting $111.30. 681,184 shares of the company's stock were exchanged, compared to its average volume of 3,277,651. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The company has a market cap of $60.75 billion, a PE ratio of 8.96, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a 50-day simple moving average of $114.15 and a 200 day simple moving average of $123.64.

EOG Resources (NYSE:EOG - Get Free Report) last issued 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 net margin of 29.18% and a return on equity of 23.77%. The firm had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same period in the previous year, the firm posted $2.82 EPS. The company's revenue for the quarter was down 7.4% on a year-over-year basis. On average, research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be given a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a yield of 3.50%. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the 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 completion of the sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on EOG. Wells Fargo & Company decreased their price target on shares of 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 EOG Resources in a report on Wednesday, March 5th. Barclays lowered their price objective on shares of EOG Resources from $140.00 to $137.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Scotiabank raised EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their price target for the company from $150.00 to $130.00 in a research note on Friday, April 11th. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of EOG Resources in a report on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, EOG Resources currently has an average rating of "Moderate Buy" and a consensus price target of $139.79.

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.