EOG Resources, Inc. (NYSE:EOG) Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,719,012 shares of the energy exploration company's stock after acquiring an additional 159,216 shares during the quarter. Northern Trust Corp owned approximately 1.02% of EOG Resources worth $701,036,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. World Investment Advisors LLC acquired a new stake in shares of EOG Resources in the 3rd quarter valued at $730,000. Mountain Lake Investment Management LLC acquired a new stake in EOG Resources during the 4th quarter worth $735,000. Oak Ridge Investments LLC raised its stake in EOG Resources by 5.9% during the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company's stock worth $5,059,000 after acquiring an additional 2,311 shares in the last quarter. Tobam purchased a new position in EOG Resources during the 4th quarter worth $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in EOG Resources by 161.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company's stock worth $550,000 after purchasing an additional 2,773 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EOG shares. Citigroup lowered their target price on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Royal Bank of Canada upgraded shares of EOG Resources from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. Benchmark restated a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Raymond James reaffirmed a "strong-buy" rating and set a $140.00 price objective on shares of EOG Resources in a report on Monday, April 21st. Finally, Barclays lowered their target price on EOG Resources from $144.00 to $140.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $141.11.

EOG Resources Stock Up 1.1 %

Shares of NYSE EOG traded up $1.26 during midday trading on Thursday, reaching $111.59. 4,603,672 shares of the company's stock were exchanged, compared to its average volume of 3,243,298. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock has a market capitalization of $61.55 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The business's fifty day moving average price is $119.19 and its two-hundred day moving average price is $125.37.

EOG Resources (NYSE:EOG - Get Free Report) last issued its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating analysts' consensus estimates of $2.75 by $0.12. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same period in the prior year, the company earned $2.82 earnings per share. The business's revenue was down 7.4% on a year-over-year basis. Analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 17th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.49%. EOG Resources's payout ratio is currently 34.73%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction 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. This trade represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by insiders.

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.