Pittenger & Anderson Inc. Sells 15,327 Shares of EOG Resources, Inc. (NYSE:EOG)

Pittenger & Anderson Inc. trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 18.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,956 shares of the energy exploration company's stock after selling 15,327 shares during the period. Pittenger & Anderson Inc.'s holdings in EOG Resources were worth $8,586,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. 1ST Source Bank raised its stake in shares of EOG Resources by 1.5% in the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock valued at $656,000 after acquiring an additional 80 shares during the period. Penobscot Investment Management Company Inc. raised its holdings in shares of EOG Resources by 2.0% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock worth $498,000 after purchasing an additional 80 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of EOG Resources by 1.4% in the 4th quarter. TD Private Client Wealth LLC now owns 5,786 shares of the energy exploration company's stock worth $709,000 after purchasing an additional 81 shares in the last quarter. Hancock Whitney Corp raised its holdings in shares of EOG Resources by 5.7% during the fourth quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock valued at $211,000 after acquiring an additional 92 shares during the period. Finally, FSM Wealth Advisors LLC grew its position in EOG Resources by 6.2% during the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock valued at $208,000 after purchasing an additional 95 shares in the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Down 0.7%

EOG stock traded down $0.81 during mid-day trading on Wednesday, hitting $118.90. 3,682,384 shares of the company were exchanged, compared to its average volume of 3,415,607. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.71 and a current ratio of 1.87. The firm has a market cap of $64.90 billion, a P/E ratio of 11.03, a P/E/G ratio of 9.68 and a beta of 0.76. The firm's 50 day simple moving average is $117.30 and its 200 day simple moving average is $121.36. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The firm's revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company earned $2.82 earnings per share. On average, sell-side 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. Investors 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%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's payout ratio is presently 36.18%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction on Monday, June 30th. The shares were 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 directly owned 45,739 shares of the company's stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Roth Capital downgraded shares of EOG Resources from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $140.00 to $134.00 in a report on Wednesday, July 9th. Jefferies Financial Group reaffirmed a "buy" rating and set a $148.00 price objective (up from $144.00) on shares of EOG Resources in a report on Friday, June 13th. Morgan Stanley set a $135.00 price objective on shares of EOG Resources and gave the stock an "equal weight" rating in a report on Monday, June 2nd. Susquehanna decreased their price objective on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Finally, Mizuho cut their target price on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $139.00.

About EOG Resources

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.