Teamwork Financial Advisors LLC Sells 3,140 Shares of EOG Resources, Inc. (NYSE:EOG)

Teamwork Financial Advisors LLC decreased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 44.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,924 shares of the energy exploration company's stock after selling 3,140 shares during the quarter. Teamwork Financial Advisors LLC's holdings in EOG Resources were worth $503,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Essex Financial Services Inc. boosted its stake in shares of EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock valued at $753,000 after buying an additional 79 shares during the period. Valmark Advisers Inc. lifted its position in shares of EOG Resources by 2.6% during the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock valued at $385,000 after acquiring an additional 79 shares during the period. Deseret Mutual Benefit Administrators lifted its position in shares of EOG Resources by 8.8% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock valued at $121,000 after acquiring an additional 80 shares during the period. 1ST Source Bank grew its holdings in shares of 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 purchasing an additional 80 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. increased its position in shares of 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 worth $498,000 after purchasing an additional 80 shares during the period. Institutional investors own 89.91% of the company's stock.

EOG Resources Trading Up 0.1%

Shares of EOG traded up $0.16 during mid-day trading on Thursday, reaching $110.93. 2,697,215 shares of the company were exchanged, compared to its average volume of 3,276,883. 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, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The business has a 50 day simple moving average of $112.16 and a two-hundred day simple moving average of $122.74. The stock has a market capitalization of $60.55 billion, a PE ratio of 8.93, a PEG ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG - Get Free Report) last released its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. The business had revenue of $5.84 billion for 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%. EOG Resources's revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.82 earnings per share. On average, analysts predict 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 given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.68%. 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 payout ratio is presently 36.18%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of EOG Resources from $132.00 to $135.00 and gave the company an "equal weight" rating in a research report on Monday. Royal Bank of Canada raised EOG Resources from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. 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. KeyCorp reduced their price objective 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. Finally, Raymond James boosted their target price on EOG Resources from $148.00 to $158.00 and gave the stock a "strong-buy" rating in a research note on Monday. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $139.58.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business'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 transaction of $515,767.12. Following the completion of the sale, the chief operating officer now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

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.