Parr Mcknight Wealth Management Group LLC Invests $1.67 Million in EOG Resources, Inc. (NYSE:EOG)

Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 13,589 shares of the energy exploration company's stock, valued at approximately $1,666,000.

Other hedge funds also recently bought and sold shares of the company. Merit Financial Group LLC boosted its position in shares of EOG Resources by 32.3% during the 4th quarter. Merit Financial Group LLC now owns 5,710 shares of the energy exploration company's stock valued at $700,000 after acquiring an additional 1,395 shares during the last quarter. Ballentine Partners LLC boosted its holdings in EOG Resources by 29.3% in the 4th quarter. Ballentine Partners LLC now owns 4,778 shares of the energy exploration company's stock valued at $586,000 after purchasing an additional 1,083 shares during the last quarter. Perpetual Ltd boosted its holdings in EOG Resources by 31.3% in the 4th quarter. Perpetual Ltd now owns 7,365 shares of the energy exploration company's stock valued at $903,000 after purchasing an additional 1,757 shares during the last quarter. Atomi Financial Group Inc. grew its stake in shares of EOG Resources by 6.9% in the 4th quarter. Atomi Financial Group Inc. now owns 4,684 shares of the energy exploration company's stock valued at $574,000 after buying an additional 304 shares during the period. Finally, MCF Advisors LLC increased its holdings in shares of EOG Resources by 44.7% during the 4th quarter. MCF Advisors LLC now owns 625 shares of the energy exploration company's stock worth $77,000 after buying an additional 193 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EOG shares. Susquehanna lowered their price objective on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research report on Tuesday, April 22nd. Mizuho lowered their price target on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Citigroup cut their price objective on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Morgan Stanley upped their target price on shares of EOG Resources from $131.00 to $132.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of EOG Resources in a research note on Tuesday, May 20th. Eleven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $139.79.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now directly 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company's stock.

EOG Resources Stock Up 0.9%

EOG traded up $1.02 on Tuesday, hitting $111.20. 2,475,122 shares of the company were exchanged, compared to its average volume of 3,287,803. The firm has a 50-day moving average price of $114.41 and a two-hundred day moving average price of $123.73. 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, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The company has a market cap of $60.69 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $5.92 billion. During the same period in the previous year, the company posted $2.82 earnings per share. The business's revenue for the quarter was down 7.4% on a year-over-year basis. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.51%. The ex-dividend date is Thursday, July 17th. EOG Resources's dividend payout ratio (DPR) is presently 36.18%.

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.