Strategic Planning Group LLC Raises Holdings in EOG Resources, Inc. (NYSE:EOG)

Strategic Planning Group LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 25.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,621 shares of the energy exploration company’s stock after acquiring an additional 4,411 shares during the quarter. Strategic Planning Group LLC’s holdings in EOG Resources were worth $2,764,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc bought a new stake in EOG Resources during the fourth quarter worth approximately $5,443,000. TIAA Trust National Association grew its stake in shares of EOG Resources by 639.3% during the fourth quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock valued at $6,971,000 after buying an additional 49,840 shares during the last quarter. Dai ichi Life Insurance Company Ltd grew its stake in shares of EOG Resources by 15.3% during the fourth quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock valued at $5,620,000 after buying an additional 6,154 shares during the last quarter. L. Roy Papp & Associates LLP grew its stake in shares of EOG Resources by 18.3% during the fourth quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock valued at $20,362,000 after buying an additional 26,026 shares during the last quarter. Finally, AIA Group Ltd grew its stake in shares of EOG Resources by 128.0% during the fourth quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock valued at $1,234,000 after buying an additional 5,728 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

EOG Resources Price Performance

Shares of EOG opened at $125.36 on Tuesday. The business’s 50-day moving average is $126.87 and its two-hundred day moving average is $122.26. The company has a market capitalization of $72.05 billion, a P/E ratio of 9.90, a P/E/G ratio of 1.69 and a beta of 1.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources, Inc. has a fifty-two week low of $106.77 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.12. The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $2.69 EPS. Research analysts predict that EOG Resources, Inc. will post 12.07 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Insider Activity

In other news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the sale, the chief executive officer now directly owns 150,474 shares in the company, valued at approximately $19,457,792.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The disclosure for this sale can be found here. Insiders have sold 16,512 shares of company stock worth $2,144,972 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

EOG has been the topic of a number of analyst reports. Susquehanna upped their target price on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Bank of America reiterated a “buy” rating and issued a $151.00 price target on shares of EOG Resources in a report on Friday, June 14th. Mizuho boosted their price target on EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a report on Monday, May 13th. KeyCorp upped their target price on EOG Resources from $147.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Thirteen equities research 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, the stock has a consensus rating of “Hold” and a consensus target price of $143.19.

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.