Park Avenue Securities LLC Acquires 1,173 Shares of EOG Resources, Inc. (NYSE:EOG)

Park Avenue Securities LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,688 shares of the energy exploration company’s stock after purchasing an additional 1,173 shares during the period. Park Avenue Securities LLC’s holdings in EOG Resources were worth $4,240,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wright Investors Service Inc. boosted its holdings in EOG Resources by 0.8% in the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock worth $1,299,000 after acquiring an additional 80 shares in the last quarter. Field & Main Bank lifted its holdings in shares of EOG Resources by 1.4% in the first quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock valued at $788,000 after purchasing an additional 83 shares in the last quarter. PDS Planning Inc lifted its holdings in shares of EOG Resources by 4.1% in the first quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock valued at $275,000 after purchasing an additional 84 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of EOG Resources by 1.0% in the first quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock valued at $1,076,000 after purchasing an additional 87 shares in the last quarter. Finally, FinTrust Capital Advisors LLC lifted its holdings in shares of EOG Resources by 26.9% in the fourth quarter. FinTrust Capital Advisors LLC now owns 420 shares of the energy exploration company’s stock valued at $51,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 7,802 shares of EOG Resources stock in a transaction on Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the completion of the sale, the chief operating officer now owns 39,054 shares of the company’s stock, valued at $5,079,753.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other EOG Resources 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 transaction of $168,829.92. Following the completion of the sale, the president now owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the transaction, the chief operating officer now owns 39,054 shares in the company, valued at $5,079,753.78. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,512 shares of company stock valued at $2,144,972. Company insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE EOG traded up $0.85 during mid-day trading on Wednesday, hitting $123.12. The company had a trading volume of 2,712,383 shares, compared to its average volume of 3,212,601. The company has a market capitalization of $70.76 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 2.15 and a beta of 1.30. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $124.50 and its 200-day moving average price is $123.96.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.18. The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $6.07 billion. EOG Resources had a return on equity of 25.65% and a net margin of 30.33%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.49 earnings per share. On average, sell-side analysts forecast that EOG Resources, Inc. will post 12.13 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.96%. The ex-dividend date is Thursday, October 17th. EOG Resources’s dividend payout ratio is 28.75%.

Wall Street Analyst Weigh In

EOG has been the topic of a number of recent research reports. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a report on Monday. Bank of America restated a “buy” rating and issued a $151.00 target price on shares of EOG Resources in a report on Friday, June 14th. KeyCorp started coverage on EOG Resources in a report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 target price on the stock. Barclays started coverage on EOG Resources in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 price target for the company. 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 report on Tuesday, April 23rd. Fourteen investment 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. According to MarketBeat, EOG Resources presently has an average rating of “Hold” and an average target price of $143.40.

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.