EOG Resources, Inc. (NYSE:EOG) Shares Sold by Stack Financial Management Inc

Stack Financial Management Inc cut its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 203,335 shares of the energy exploration company's stock after selling 3,020 shares during the period. EOG Resources makes up about 2.2% of Stack Financial Management Inc's holdings, making the stock its 17th largest holding. Stack Financial Management Inc's holdings in EOG Resources were worth $26,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. 1ST Source Bank grew its stake in shares of EOG Resources by 1.5% in the 4th quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock valued at $656,000 after buying an additional 80 shares during the period. Penobscot Investment Management Company Inc. lifted its holdings in EOG Resources by 2.0% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company's stock valued at $498,000 after acquiring an additional 80 shares during the last quarter. TD Private Client Wealth LLC grew its position in EOG Resources by 1.4% in the fourth quarter. TD Private Client Wealth LLC now owns 5,786 shares of the energy exploration company's stock worth $709,000 after acquiring an additional 81 shares during the period. Hancock Whitney Corp increased its stake in EOG Resources by 5.7% during the fourth quarter. Hancock Whitney Corp now owns 1,719 shares of the energy exploration company's stock worth $211,000 after acquiring an additional 92 shares during the last quarter. Finally, FSM Wealth Advisors LLC increased its stake in EOG Resources by 6.2% during the first quarter. FSM Wealth Advisors LLC now owns 1,623 shares of the energy exploration company's stock worth $208,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Stock Down 0.7%

NYSE:EOG traded down $0.81 during midday trading on Wednesday, reaching $118.90. The company had a trading volume of 3,682,384 shares, compared to its average volume of 3,415,609. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The firm has a market capitalization of $64.90 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 9.68 and a beta of 0.76. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12. The stock's fifty day simple moving average is $117.52 and its 200-day simple moving average is $121.34.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly 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. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same quarter last year, the company earned $2.82 EPS. EOG Resources's revenue for the quarter was down 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $1.02 dividend. 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 annualized dividend and a yield of 3.43%. EOG Resources's dividend payout ratio (DPR) is 36.18%.

Analysts Set New Price Targets

Several equities analysts have recently commented on EOG shares. Royal Bank Of Canada decreased their price target on EOG Resources from $145.00 to $140.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 8th. 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. Roth Capital lowered shares of EOG Resources from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $140.00 to $134.00 in a research note on Wednesday, July 9th. Barclays lifted their price target on shares of EOG Resources from $137.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Finally, Stephens initiated coverage on shares of EOG Resources in a report on Tuesday, June 17th. They issued an "equal weight" rating and a $137.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $139.00.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of the stock in a transaction that occurred on 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 approximately $5,472,671.35. This represents a 7.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

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.