United Capital Management of KS Inc. Increases Stock Position in EOG Resources, Inc. $EOG

Key Points

• United Capital Management of KS Inc. increased its stake in EOG Resources by 4.7%, owning 71,541 shares valued at approximately $9.17 million.
• EOG Resources announced a quarterly dividend of $1.02, reflecting an increase from its previous dividend of $0.98, with a current dividend yield of 3.4%.
• The company reported earnings per share of $2.32 for the last quarter, exceeding analyst expectations, although revenue declined by 9.1% year-over-year.

United Capital Management of KS Inc. grew its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,541 shares of the energy exploration company's stock after purchasing an additional 3,235 shares during the quarter. EOG Resources makes up 1.9% of United Capital Management of KS Inc.'s investment portfolio, making the stock its 16th largest position. United Capital Management of KS Inc.'s holdings in EOG Resources were worth $9,174,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Bank Pictet & Cie Europe AG boosted its stake in 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 acquiring an additional 89,521 shares in the last quarter. Mariner LLC boosted its position in shares of EOG Resources by 7.5% in the 4th quarter. Mariner LLC now owns 111,571 shares of the energy exploration company's stock valued at $13,676,000 after purchasing an additional 7,763 shares during the period. NewEdge Advisors LLC grew its stake in EOG Resources by 13.7% during the 4th quarter. NewEdge Advisors LLC now owns 19,204 shares of the energy exploration company's stock worth $2,354,000 after buying an additional 2,307 shares during the last quarter. Marshall Wace LLP increased its position in EOG Resources by 266.5% during the fourth quarter. Marshall Wace LLP now owns 29,319 shares of the energy exploration company's stock worth $3,594,000 after buying an additional 21,319 shares during the period. Finally, Demars Financial Group LLC increased its position in EOG Resources by 12,422.5% during the fourth quarter. Demars Financial Group LLC now owns 643,156 shares of the energy exploration company's stock worth $78,838,000 after buying an additional 638,020 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Price Performance

Shares of EOG Resources stock traded up $0.8570 during trading on Wednesday, reaching $118.1770. The company's stock had a trading volume of 929,998 shares, compared to its average volume of 3,608,495. The business has a 50 day moving average price of $120.34 and a 200-day moving average price of $119.26. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a market capitalization of $64.52 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 9.03 and a beta of 0.80. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy exploration company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.18. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.The firm had revenue of $5.48 billion during the quarter, compared to analysts' expectations of $5.45 billion. During the same quarter in the prior year, the business posted $3.16 earnings per share. EOG Resources's revenue was down 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.5%. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio (DPR) is 37.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. UBS Group restated a "buy" rating and set a $142.00 target price (up from $140.00) on shares of EOG Resources in a research report on Tuesday, August 12th. Bank of America decreased their price target 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. Wells Fargo & Company reissued an "overweight" rating on shares of EOG Resources in a research report on Sunday, June 22nd. Royal Bank Of Canada reduced their target price on shares of EOG Resources from $145.00 to $140.00 and set an "outperform" rating for the company in a report on Tuesday, July 8th. Finally, Susquehanna increased their target price on shares of EOG Resources from $156.00 to $170.00 and gave the stock a "positive" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $143.52.

Insider Buying and Selling

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of EOG Resources stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $119.65, for a total transaction of $472,737.15. Following the completion of the sale, the chief operating officer directly owned 45,739 shares in the company, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company's stock.

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.