1,721 Shares in EOG Resources, Inc. (NYSE:EOG) Bought by Monument Capital Management

Monument Capital Management acquired a new position in shares of EOG Resources, Inc. (NYSE:EOG) during the first quarter, HoldingsChannel reports. The firm acquired 1,721 shares of the energy exploration company’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EOG. Capital World Investors raised its holdings in shares of EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after acquiring an additional 9,455,621 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of EOG Resources by 26.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after acquiring an additional 1,029,727 shares during the period. Pacer Advisors Inc. raised its holdings in shares of EOG Resources by 12.5% during the fourth quarter. Pacer Advisors Inc. now owns 3,065,042 shares of the energy exploration company’s stock worth $370,717,000 after acquiring an additional 340,902 shares during the period. Westwood Holdings Group Inc. raised its holdings in shares of EOG Resources by 54.7% during the fourth quarter. Westwood Holdings Group Inc. now owns 944,212 shares of the energy exploration company’s stock worth $114,202,000 after acquiring an additional 333,901 shares during the period. Finally, Panagora Asset Management Inc. grew its position in EOG Resources by 61.3% in the fourth quarter. Panagora Asset Management Inc. now owns 783,386 shares of the energy exploration company’s stock valued at $94,751,000 after purchasing an additional 297,623 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Stock Performance

Shares of EOG stock opened at $126.78 on Thursday. The company has a market capitalization of $72.86 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 1.75 and a beta of 1.30. 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 company has a 50-day simple moving average of $125.96 and a 200 day simple moving average of $122.53. EOG Resources, Inc. has a 52 week low of $108.94 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data 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 business had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.69 EPS. On average, sell-side analysts predict that EOG Resources, Inc. will post 12.06 earnings per share for the current year.

EOG Resources Announces Dividend

The company 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 $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is presently 28.75%.

Insider Activity

In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were 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 of the company’s stock, valued at approximately $19,457,792.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other EOG Resources news, CEO Ezra Y. Yacob sold 4,729 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were 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 of the company’s stock, valued at approximately $19,457,792.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were 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 directly owns 161,109 shares in the company, valued at $20,987,669.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,512 shares of company stock worth $2,144,972. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays assumed coverage on shares of EOG Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 target price for the company. KeyCorp assumed coverage on shares of EOG Resources in a research report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 target price for the company. TD Cowen raised their target price on shares of EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. raised their target price on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Finally, Citigroup raised their target price on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research report on Friday, May 24th. Thirteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average target price of $143.19.

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.