EOG Resources, Inc. (NYSE:EOG) Position Boosted by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC lifted its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 63.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 45,606 shares of the energy exploration company's stock after buying an additional 17,628 shares during the period. Turtle Creek Wealth Advisors LLC's holdings in EOG Resources were worth $5,849,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bank Pictet & Cie Europe AG grew its position in shares of EOG Resources by 56.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 248,399 shares of the energy exploration company's stock valued at $30,449,000 after purchasing an additional 89,521 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of EOG Resources during the 4th quarter worth about $492,000. Frank Rimerman Advisors LLC boosted its position in shares of EOG Resources by 23.9% in the fourth quarter. Frank Rimerman Advisors LLC now owns 3,411 shares of the energy exploration company's stock worth $418,000 after acquiring an additional 657 shares during the last quarter. Natixis Advisors LLC grew its holdings in EOG Resources by 13.0% in the fourth quarter. Natixis Advisors LLC now owns 498,189 shares of the energy exploration company's stock valued at $61,068,000 after purchasing an additional 57,181 shares during the period. Finally, Choate Investment Advisors grew its holdings in EOG Resources by 13.8% in the fourth quarter. Choate Investment Advisors now owns 70,283 shares of the energy exploration company's stock valued at $8,615,000 after purchasing an additional 8,511 shares during the period. Hedge funds and other institutional investors own 89.91% of the company's stock.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction 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 transaction, the chief operating officer owned 45,739 shares of the company's stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.13% of the company's stock.

EOG Resources Stock Down 0.2%

EOG traded down $0.28 during trading on Monday, hitting $122.76. The company had a trading volume of 3,074,466 shares, compared to its average volume of 3,753,177. 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 0.12, a current ratio of 1.87 and a quick ratio of 1.71. The company has a market cap of $67.00 billion, a PE ratio of 11.39, a P/E/G ratio of 9.93 and a beta of 0.76. The business has a 50-day moving average of $116.79 and a 200-day moving average of $121.35.

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 for the quarter, topping 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 the consensus estimate of $5.92 billion. During the same quarter in the previous year, the firm earned $2.82 EPS. The company's revenue was down 7.4% on a year-over-year basis. As a group, analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.32%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's payout ratio is 36.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Raymond James Financial lifted their price target on shares of EOG Resources from $148.00 to $158.00 and gave the company a "strong-buy" rating in a report on Monday, June 2nd. Citigroup decreased their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 17th. 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. Scotiabank raised shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their price target for the company from $150.00 to $130.00 in a research report on Friday, April 11th. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $139.00.

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.