RHS Financial LLC Invests $452,000 in EOG Resources, Inc. (NYSE:EOG)

RHS Financial LLC acquired a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,525 shares of the energy exploration company's stock, valued at approximately $452,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in EOG Resources by 4.1% in the first quarter. Brighton Jones LLC now owns 5,987 shares of the energy exploration company's stock worth $768,000 after buying an additional 236 shares during the period. Foster Victor Wealth Advisors LLC lifted its holdings in EOG Resources by 3,008.4% in the first quarter. Foster Victor Wealth Advisors LLC now owns 56,199 shares of the energy exploration company's stock worth $7,207,000 after buying an additional 54,391 shares during the period. Ritholtz Wealth Management increased its stake in shares of EOG Resources by 117.2% during the first quarter. Ritholtz Wealth Management now owns 12,836 shares of the energy exploration company's stock valued at $1,646,000 after purchasing an additional 6,926 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in shares of EOG Resources by 3.9% during the first quarter. Dynamic Advisor Solutions LLC now owns 36,608 shares of the energy exploration company's stock valued at $4,695,000 after purchasing an additional 1,387 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of EOG Resources in the 1st quarter worth approximately $2,165,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays lifted their price objective on EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Citigroup lowered their price target 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 set a $135.00 price target on EOG Resources and gave the stock an "equal weight" rating in a research report on Monday, June 2nd. Bank of America lowered their price target on EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Finally, Mizuho lowered their price target on EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Eleven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $140.00.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

EOG Resources Stock Performance

NYSE:EOG traded up $4.93 during trading hours on Friday, reaching $125.52. The company had a trading volume of 7,913,403 shares, compared to its average volume of 3,329,181. 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 52 week low of $102.52 and a 52 week high of $138.18. The firm has a market cap of $68.50 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 3.58 and a beta of 0.74. The firm's 50 day moving average price is $111.99 and its 200-day moving average price is $121.83.

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

EOG Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Friday, October 17th. This is an increase from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's payout ratio is 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.