EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Nilsine Partners LLC

Nilsine Partners LLC increased its position in EOG Resources, Inc. (NYSE:EOG) by 2.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,513 shares of the energy exploration company’s stock after acquiring an additional 229 shares during the period. Nilsine Partners LLC’s holdings in EOG Resources were worth $1,197,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EOG. Kestra Private Wealth Services LLC grew its holdings in shares of EOG Resources by 51.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 11,455 shares of the energy exploration company’s stock worth $1,385,000 after acquiring an additional 3,905 shares during the period. Savant Capital LLC grew its holdings in EOG Resources by 20.6% during the 4th quarter. Savant Capital LLC now owns 5,032 shares of the energy exploration company’s stock valued at $609,000 after buying an additional 859 shares during the last quarter. Natixis Advisors L.P. grew its holdings in EOG Resources by 14.7% during the 4th quarter. Natixis Advisors L.P. now owns 324,261 shares of the energy exploration company’s stock valued at $39,218,000 after buying an additional 41,469 shares during the last quarter. Aveo Capital Partners LLC grew its holdings in EOG Resources by 4.8% during the 4th quarter. Aveo Capital Partners LLC now owns 2,194 shares of the energy exploration company’s stock valued at $265,000 after buying an additional 101 shares during the last quarter. Finally, Merit Financial Group LLC grew its holdings in EOG Resources by 11.4% during the 4th quarter. Merit Financial Group LLC now owns 4,795 shares of the energy exploration company’s stock valued at $580,000 after buying an additional 492 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EOG has been the topic of a number of analyst reports. Susquehanna increased their target price on EOG Resources from $155.00 to $159.00 and gave the company a “positive” rating in a report on Monday, August 5th. Scotiabank lowered their target price on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Sanford C. Bernstein lowered their target price on EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Citigroup increased their price target on EOG Resources from $124.00 to $130.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. Finally, KeyCorp started coverage on EOG Resources in a research note on Thursday, June 27th. They set an “overweight” rating and a $157.00 price target on the stock. Thirteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average price target of $144.00.

EOG Resources Stock Down 0.9 %

Shares of EOG Resources stock traded down $1.16 during trading hours on Friday, hitting $128.82. 2,820,225 shares of the company’s stock traded hands, compared to its average volume of 2,864,373. The stock has a 50 day simple moving average of $126.84 and a 200-day simple moving average of $125.72. The company has a quick ratio of 1.89, a current ratio of 2.12 and a debt-to-equity ratio of 0.11. The company has a market cap of $73.25 billion, a PE ratio of 10.18, a PEG ratio of 3.22 and a beta of 1.30. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

EOG Resources (NYSE:EOG) last announced its 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 the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $2.49 earnings per share. Equities research analysts anticipate that EOG Resources, Inc. will post 12.2 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 dividend on an annualized basis and a yield of 2.83%. EOG Resources’s dividend payout ratio (DPR) is 28.75%.

Insider Buying and Selling

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Michael P. Donaldson sold 11,037 shares of EOG Resources stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $126.48, for a total value of $505,920.00. Following the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at approximately $4,434,135.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,537 shares of company stock worth $2,751,612. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Company 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.