EOG Resources, Inc. (NYSE:EOG) Holdings Boosted by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. grew its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 8.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,836 shares of the energy exploration company's stock after purchasing an additional 3,995 shares during the period. ZWJ Investment Counsel Inc.'s holdings in EOG Resources were worth $6,263,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EOG. Smart Money Group LLC lifted its stake in shares of EOG Resources by 38.2% during the first quarter. Smart Money Group LLC now owns 6,672 shares of the energy exploration company's stock valued at $856,000 after buying an additional 1,845 shares during the period. Resonant Capital Advisors LLC raised its holdings in EOG Resources by 3.2% in the 1st quarter. Resonant Capital Advisors LLC now owns 21,898 shares of the energy exploration company's stock valued at $2,808,000 after acquiring an additional 685 shares during the last quarter. Novem Group lifted its stake in shares of EOG Resources by 22.8% during the 1st quarter. Novem Group now owns 2,299 shares of the energy exploration company's stock worth $295,000 after purchasing an additional 427 shares during the period. Pinnacle Financial Partners Inc boosted its holdings in shares of EOG Resources by 4.7% during the first quarter. Pinnacle Financial Partners Inc now owns 182,634 shares of the energy exploration company's stock worth $23,032,000 after purchasing an additional 8,127 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC acquired a new stake in shares of EOG Resources during the first quarter worth $264,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Price Performance

NYSE EOG traded up $1.63 on Friday, reaching $124.51. 1,437,151 shares of the stock traded hands, compared to its average volume of 3,404,661. EOG Resources, Inc. has a 12 month low of $102.52 and a 12 month high of $138.18. The company has a market cap of $67.95 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 9.94 and a beta of 0.76. The firm's fifty day simple moving average is $115.78 and its 200 day simple moving average is $121.28. The company has a quick ratio of 1.71, a current ratio of 1.87 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG - Get Free Report) last announced 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. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The company's revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 earnings per share. As a group, research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a dividend of $1.02 per share. This is a positive change from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.28%. EOG Resources's dividend payout ratio (DPR) is 36.18%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EOG shares. UBS Group reiterated a "buy" rating and issued a $140.00 target price (up from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Piper Sandler lowered their price target on EOG Resources from $135.00 to $133.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company reaffirmed an "overweight" rating on shares of EOG Resources in a research note on Sunday, June 22nd. JPMorgan Chase & Co. cut their price objective on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $145.00 target price on shares of EOG Resources in a report on Friday, June 20th. Twelve equities research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $139.48.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the business's 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 sale, the chief operating officer directly owned 45,739 shares in the company, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by corporate insiders.

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.