PFG Advisors Has $1.97 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

PFG Advisors increased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 26.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,364 shares of the energy exploration company's stock after acquiring an additional 3,174 shares during the period. PFG Advisors' holdings in EOG Resources were worth $1,970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Heritage Wealth Advisors lifted its position in shares of EOG Resources by 562.2% in the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock worth $30,000 after purchasing an additional 208 shares during the period. Alpine Bank Wealth Management purchased a new position in EOG Resources during the 1st quarter valued at about $34,000. Ameriflex Group Inc. purchased a new position in EOG Resources during the 4th quarter valued at about $36,000. 10Elms LLP bought a new stake in EOG Resources during the 4th quarter valued at about $44,000. Finally, Hanson & Doremus Investment Management bought a new stake in EOG Resources during the 1st quarter valued at about $51,000. Institutional investors own 89.91% of the company's stock.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares in the company, valued at approximately $5,472,671.35. This represents a 7.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company's stock.

EOG Resources Price Performance

NYSE EOG traded down $0.14 during trading hours on Friday, reaching $118.91. 761,561 shares of the company's stock were exchanged, compared to its average volume of 3,703,209. The stock has a market cap of $64.90 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 9.13 and a beta of 0.76. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The firm has a fifty day moving average of $118.02 and a 200-day moving average of $121.10. 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 announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. The firm 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 business's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company earned $2.82 EPS. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share 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 issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.43%. 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 dividend payout ratio is 37.85%.

Analyst Ratings Changes

EOG has been the subject of a number of analyst reports. Roth Capital lowered shares of EOG Resources from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $140.00 to $134.00 in a research note on Wednesday, July 9th. UBS Group restated a "buy" rating and set a $140.00 price objective (up from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Wells Fargo & Company reaffirmed an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. Jefferies Financial Group reiterated a "buy" rating and issued a $148.00 price target (up from $144.00) on shares of EOG Resources in a research report on Friday, June 13th. Finally, KeyCorp lowered their target price on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources currently has a consensus rating of "Moderate Buy" and an average target price of $140.62.

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.