Stack Financial Management Inc Has $26.08 Million Stock Position in EOG Resources, Inc. (NYSE:EOG)

Stack Financial Management Inc decreased its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 203,335 shares of the energy exploration company's stock after selling 3,020 shares during the period. EOG Resources accounts for 2.2% of Stack Financial Management Inc's holdings, making the stock its 17th biggest position. Stack Financial Management Inc's holdings in EOG Resources were worth $26,076,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lee Danner & Bass Inc. acquired a new stake in shares of EOG Resources during the fourth quarter worth $28,000. Heritage Wealth Advisors increased its holdings in EOG Resources by 562.2% in the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company's stock valued at $30,000 after buying an additional 208 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in EOG Resources in the first quarter valued at $34,000. Ameriflex Group Inc. purchased a new stake in shares of EOG Resources during the fourth quarter worth about $36,000. Finally, 10Elms LLP purchased a new stake in shares of EOG Resources during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Activity

In other 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 completion of the sale, the chief operating officer directly owned 45,739 shares of the company's stock, valued at $5,472,671.35. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EOG shares. Wells Fargo & Company reiterated an "overweight" rating on shares of EOG Resources in a report on Sunday, June 22nd. UBS Group reaffirmed a "buy" rating and set a $140.00 target price (up from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Bank of America dropped their price objective on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Raymond James Financial increased their target price 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, June 2nd. Finally, Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their target price for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources has an average rating of "Moderate Buy" and an average price target of $139.81.

EOG Resources Price Performance

EOG traded down $0.80 on Friday, reaching $117.63. The company had a trading volume of 5,891,379 shares, compared to its average volume of 3,427,008. The company has a fifty day moving average of $117.69 and a 200-day moving average of $121.32. The company has a market capitalization of $64.20 billion, a P/E ratio of 10.91, a PEG ratio of 9.53 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. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same quarter last year, the firm posted $2.82 EPS. The business's revenue for the quarter was down 7.4% on a year-over-year basis. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders 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 dividend yield of 3.47%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources's dividend payout ratio is 36.18%.

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.