Rhumbline Advisers Has $137.51 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Rhumbline Advisers lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,072,311 shares of the energy exploration company's stock after acquiring an additional 17,586 shares during the period. Rhumbline Advisers owned 0.20% of EOG Resources worth $137,513,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Essex Financial Services Inc. raised its stake in shares of EOG Resources by 1.3% during the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock valued at $753,000 after purchasing an additional 79 shares during the period. Valmark Advisers Inc. increased its stake in EOG Resources by 2.6% during the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock worth $385,000 after buying an additional 79 shares during the period. Deseret Mutual Benefit Administrators increased its stake in EOG Resources by 8.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock worth $121,000 after buying an additional 80 shares during the period. 1ST Source Bank increased its stake in EOG Resources by 1.5% during the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock worth $656,000 after buying an additional 80 shares during the period. Finally, Penobscot Investment Management Company Inc. increased its stake in EOG Resources by 2.0% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock worth $498,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Activity at EOG Resources

In related 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 value of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. The trade was a 7.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Citigroup dropped their price target on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Wells Fargo & Company lowered their price target on EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Mizuho lowered their price objective on shares of EOG Resources from $140.00 to $134.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Raymond James boosted their price objective on shares of EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a research report on Monday. Finally, Williams Trading set a $154.00 target price on EOG Resources in a report on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, EOG Resources has an average rating of "Moderate Buy" and an average price target of $139.58.

EOG Resources Stock Up 0.1%

Shares of EOG stock traded up $0.16 during trading on Thursday, hitting $110.93. 2,697,215 shares of the company were exchanged, compared to its average volume of 3,276,369. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market capitalization of $60.55 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 3.58 and a beta of 0.78. The business's 50-day simple moving average is $111.81 and its 200 day simple moving average is $122.56. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results 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 during the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the business posted $2.82 EPS. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal 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 dividend of $1.02 per share. This is a boost from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.68%. 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.