Stonegate Investment Group LLC Purchases 383 Shares of EOG Resources, Inc. (NYSE:EOG)

Stonegate Investment Group LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 0.5% during the first quarter, Holdings Channel.com reports. The firm owned 75,053 shares of the energy exploration company’s stock after purchasing an additional 383 shares during the quarter. Stonegate Investment Group LLC’s holdings in EOG Resources were worth $9,595,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EOG. McIlrath & Eck LLC boosted its position in EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 104 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares in the last quarter. Peoples Bank KS bought a new stake in EOG Resources during the third quarter valued at about $31,000. Sachetta LLC bought a new stake in EOG Resources during the fourth quarter valued at about $33,000. Finally, Hall Laurie J Trustee bought a new stake in EOG Resources during the fourth quarter valued at about $36,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

EOG stock traded down $4.12 during trading on Tuesday, hitting $132.13. 3,422,812 shares of the company traded hands, compared to its average volume of 3,353,283. The stock’s 50-day simple moving average is $126.53 and its 200 day simple moving average is $122.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The company has a market cap of $76.00 billion, a PE ratio of 10.16 and a beta of 1.40. EOG Resources, Inc. has a 1 year low of $106.32 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a net margin of 31.40% and a return on equity of 25.38%. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the business posted $3.30 earnings per share. The firm’s revenue was down 5.4% compared to the same quarter last year. On average, equities analysts expect that EOG Resources, Inc. will post 12.3 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 16th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Monday, April 15th. EOG Resources’s payout ratio is currently 27.98%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EOG. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research report on Tuesday, April 9th. Scotiabank cut EOG Resources from a “sector outperform” rating to a “sector perform” rating and increased their price target for the company from $135.00 to $155.00 in a research note on Thursday, April 11th. KeyCorp increased their price target on EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. increased their price target on EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research note on Thursday, March 28th. Finally, Stifel Nicolaus decreased their price target on EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Thirteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $142.27.

About EOG Resources

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.