EOG Resources, Inc. (NYSE:EOG) Stock Position Raised by Summit Financial LLC

Summit Financial LLC lifted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 6.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,740 shares of the energy exploration company’s stock after acquiring an additional 602 shares during the quarter. Summit Financial LLC’s holdings in EOG Resources were worth $1,245,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EOG. McIlrath & Eck LLC boosted its stake in shares of EOG Resources by 77.6% during the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after acquiring an additional 104 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of EOG Resources by 530.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after buying an additional 212 shares during the period. Sachetta LLC acquired a new stake in shares of EOG Resources in the fourth quarter worth $33,000. Hall Laurie J Trustee acquired a new stake in shares of EOG Resources in the fourth quarter worth $36,000. Finally, Keener Financial Planning LLC acquired a new stake in shares of EOG Resources in the fourth quarter worth $36,000. 89.91% of the stock is owned by institutional investors.

Insider Transactions at EOG Resources

In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the transaction, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the transaction, the president now directly owns 161,109 shares in the company, valued at $20,987,669.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $129.31, for a total value of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,512 shares of company stock worth $2,144,972. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on EOG shares. TD Cowen raised their target price on EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Benchmark reaffirmed a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Susquehanna lifted their price objective on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Finally, TD Securities reduced their price objective on EOG Resources from $135.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, February 23rd. Fifteen 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $141.82.

EOG Resources Stock Performance

Shares of EOG Resources stock traded down $2.02 during trading on Thursday, reaching $124.03. The company’s stock had a trading volume of 3,373,563 shares, compared to its average volume of 3,318,198. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The business’s fifty day moving average price is $130.72 and its 200-day moving average price is $122.49. The firm has a market cap of $71.28 billion, a price-to-earnings ratio of 9.80 and a beta of 1.38. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The business had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.69 earnings per share. As a group, equities research analysts predict that EOG Resources, Inc. will post 12.19 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.93%. EOG Resources’s payout ratio is presently 28.75%.

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.