Raymond James Financial Inc. Purchases 13,102 Shares of EOG Resources, Inc. $EOG

Key Points

• Raymond James Financial Inc. has increased its stake in EOG Resources, Inc. by 0.9%, now owning 1,409,688 shares worth approximately $180.78 million.
• EOG Resources has recently announced a quarterly dividend increase to $1.02 per share, which will be paid to shareholders on October 31st, representing an annual yield of 3.4%.
• The energy company reported earnings of $2.32 per share for the last quarter, exceeding analyst estimates of $2.14, although revenue for the quarter fell 9.1% year-over-year.

Raymond James Financial Inc. increased its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 0.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,409,688 shares of the energy exploration company's stock after buying an additional 13,102 shares during the period. Raymond James Financial Inc. owned about 0.26% of EOG Resources worth $180,778,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Hancock Whitney Corp boosted its holdings in EOG Resources by 5.7% in the 4th quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock worth $211,000 after buying an additional 92 shares during the period. FSM Wealth Advisors LLC boosted its holdings in EOG Resources by 6.2% in the 1st quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock worth $208,000 after buying an additional 95 shares during the period. Sigma Planning Corp boosted its holdings in EOG Resources by 1.6% in the 1st quarter. Sigma Planning Corp now owns 6,259 shares of the energy exploration company's stock worth $803,000 after buying an additional 97 shares during the period. Bank of Jackson Hole Trust boosted its holdings in shares of EOG Resources by 1.6% during the 1st quarter. Bank of Jackson Hole Trust now owns 6,234 shares of the energy exploration company's stock valued at $791,000 after purchasing an additional 100 shares during the last quarter. Finally, Malaga Cove Capital LLC boosted its holdings in shares of EOG Resources by 2.9% during the 1st quarter. Malaga Cove Capital LLC now owns 3,502 shares of the energy exploration company's stock valued at $449,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 89.91% of the company's stock.

EOG Resources Stock Down 0.6%

Shares of NYSE:EOG opened at $119.06 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a 50-day moving average price of $120.29 and a 200 day moving average price of $119.33. The company has a market cap of $65.01 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 9.15 and a beta of 0.80.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.14 by $0.18. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The company had revenue of $5.48 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same period in the prior year, the company posted $3.16 EPS. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. As a group, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a $1.02 dividend. 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. This represents a $4.08 dividend on an annualized basis and a yield of 3.4%. EOG Resources's dividend payout ratio is currently 37.90%.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the sale, the chief operating officer directly owned 45,739 shares of the company's stock, valued at $5,472,671.35. This represents a 7.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on EOG. Susquehanna increased their price objective on shares of EOG Resources from $156.00 to $170.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. KeyCorp dropped their price objective on shares of EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Stephens began coverage on shares of EOG Resources in a report on Tuesday, June 17th. They set an "equal weight" rating and a $137.00 price objective for the company. Morgan Stanley set a $135.00 price objective on shares of EOG Resources and gave the company an "equal weight" rating in a report on Monday, June 2nd. Finally, Barclays increased their price objective on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a report on Monday, June 2nd. Twelve investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $140.71.

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.

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