Pathstone Holdings LLC Purchases 3,066 Shares of EOG Resources, Inc. (NYSE:EOG)

Pathstone Holdings LLC boosted its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,882 shares of the energy exploration company's stock after acquiring an additional 3,066 shares during the period. Pathstone Holdings LLC's holdings in EOG Resources were worth $9,179,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EOG. Financial Life Planners bought a new position in shares of EOG Resources during the 4th quarter valued at about $25,000. Y.D. More Investments Ltd lifted its stake 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 worth $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of EOG Resources in the fourth quarter worth $25,000. Decker Retirement Planning Inc. acquired a new stake in shares of EOG Resources in the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new position in shares of EOG Resources in the fourth quarter valued at about $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Down 1.3%

NYSE:EOG traded down $1.45 during trading hours on Tuesday, reaching $112.50. 2,335,439 shares of the company were exchanged, compared to its average volume of 3,296,665. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market cap of $61.40 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The stock has a 50 day simple moving average of $115.64 and a 200 day simple moving average of $124.27.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 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 business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same quarter in the prior year, the firm earned $2.82 earnings per share. The company's quarterly revenue was down 7.4% on a year-over-year basis. As a group, analysts predict 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. Investors of record on Thursday, July 17th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources's payout ratio is presently 36.18%.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup decreased their price objective on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. StockNews.com downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. JPMorgan Chase & Co. dropped their target price on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Barclays dropped their price target on EOG Resources from $140.00 to $137.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Finally, Raymond James boosted their price objective on EOG Resources from $140.00 to $148.00 and gave the company a "strong-buy" rating in a report on Tuesday. Eleven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, EOG Resources presently has an average rating of "Moderate Buy" and a consensus price target of $141.05.

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.