Smithbridge Asset Management Inc. DE Makes New $4.13 Million Investment in EOG Resources, Inc. (NYSE:EOG)

Smithbridge Asset Management Inc. DE bought a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 32,179 shares of the energy exploration company's stock, valued at approximately $4,127,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Mainstream Capital Management LLC bought a new position in shares of EOG Resources during the fourth quarter valued at approximately $25,000. Lee Danner & Bass Inc. purchased a new stake in EOG Resources during the fourth quarter worth $28,000. Heritage Wealth Advisors boosted its position in EOG Resources by 562.2% during the 4th quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after acquiring an additional 208 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of EOG Resources in the 4th quarter valued at $32,000. Finally, Ameriflex Group Inc. bought a new position in shares of EOG Resources in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Stock Performance

Shares of EOG Resources stock traded up $4.93 during trading on Friday, hitting $125.52. 7,913,403 shares of the company's stock were exchanged, compared to its average volume of 3,327,264. The stock has a market capitalization 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 business has a 50-day simple moving average of $111.58 and a 200-day simple moving average of $121.95. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same period last year, the firm earned $2.82 EPS. The firm's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The business 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 is a boost from EOG Resources's previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.25%. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio (DPR) is currently 36.18%.

Insider Buying and Selling at EOG Resources

In other EOG Resources 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EOG. Morgan Stanley set a $135.00 price target on shares of EOG Resources and gave the company an "equal weight" rating in a report on Monday, June 2nd. Susquehanna lowered their price objective on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research report on Tuesday, April 22nd. KeyCorp dropped their target price on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Barclays increased their price target 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. Finally, Citigroup lowered their price target on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Eleven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $140.00.

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.