Signet Financial Management LLC Raises Position in EOG Resources, Inc. (NYSE:EOG)

Signet Financial Management LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 15.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,292 shares of the energy exploration company's stock after purchasing an additional 3,890 shares during the period. Signet Financial Management LLC's holdings in EOG Resources were worth $3,756,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Wealthfront Advisers LLC increased its holdings in shares of EOG Resources by 4,642.2% in the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after buying an additional 2,792,092 shares during the last quarter. Capital World Investors raised its stake in shares of EOG Resources by 5.2% in the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after acquiring an additional 2,270,013 shares during the period. Raymond James Financial Inc. bought a new stake in shares of EOG Resources in the 4th quarter worth about $171,193,000. GAMMA Investing LLC boosted its position in shares of EOG Resources by 14,784.1% during the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock valued at $164,323,000 after buying an additional 1,272,765 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in EOG Resources by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after acquiring an additional 781,282 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

EOG stock traded up $3.50 during trading on Tuesday, hitting $117.83. 4,952,162 shares of the company traded hands, compared to its average volume of 3,286,269. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a market cap of $64.31 billion, a PE ratio of 9.49, a P/E/G ratio of 3.58 and a beta of 0.74. The stock's 50-day simple moving average is $111.19 and its 200 day simple moving average is $122.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter last year, the company earned $2.82 EPS. The business's revenue was down 7.4% on a year-over-year basis. On average, equities analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently declared 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 represents a $4.08 annualized dividend and a yield of 3.46%. The ex-dividend date is Friday, October 17th. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. EOG Resources's dividend payout ratio (DPR) is currently 36.18%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Barclays increased their price objective on EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their price objective for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Susquehanna lowered their target price on shares of EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research note on Tuesday, April 22nd. Citigroup dropped their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Finally, Royal Bank of Canada upgraded shares of EOG Resources from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Eleven investment 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 data from MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and an average target price of $139.58.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

EOG Resources Company 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.