Thurston Springer Miller Herd & Titak Inc. Grows Stake in EOG Resources, Inc. (NYSE:EOG)

Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 65.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,427 shares of the energy exploration company's stock after purchasing an additional 2,940 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in EOG Resources were worth $953,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Stratos Wealth Partners LTD. grew its stake in EOG Resources by 6.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 26,482 shares of the energy exploration company's stock valued at $3,246,000 after acquiring an additional 1,511 shares during the last quarter. Y.D. More Investments Ltd lifted its holdings in shares of EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after purchasing an additional 121 shares in the last quarter. Choreo LLC grew its position in shares of EOG Resources by 49.6% in the fourth quarter. Choreo LLC now owns 16,993 shares of the energy exploration company's stock valued at $2,049,000 after purchasing an additional 5,635 shares during the last quarter. Tyche Wealth Partners LLC purchased a new position in shares of EOG Resources during the 4th quarter worth approximately $618,000. Finally, Trilogy Capital Inc. raised its position in shares of EOG Resources by 3.5% during the 4th quarter. Trilogy Capital Inc. now owns 22,581 shares of the energy exploration company's stock worth $2,768,000 after purchasing an additional 764 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. KeyCorp lowered their target price on EOG Resources from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Citigroup decreased their price objective 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. Bank of America cut their target price on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Royal Bank of Canada upgraded shares of EOG Resources from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Finally, Barclays lifted their price target on shares of EOG Resources from $137.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources presently has a consensus rating of "Moderate Buy" and an average target price of $139.58.

Insider Activity at EOG Resources

In related 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

EOG Resources Stock Up 0.1%

Shares of NYSE:EOG opened at $110.93 on Friday. The stock has a 50-day simple moving average of $111.81 and a 200-day simple moving average of $122.56. The stock has a market capitalization of $60.55 billion, a P/E ratio of 8.93, a PEG ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year 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 released its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. During the same period in the previous year, the firm earned $2.82 earnings per share. EOG Resources's revenue for the quarter was down 7.4% on a year-over-year basis. Equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The firm 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 dividend on an annualized basis and a yield of 3.68%. This is a boost 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%.

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.

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