EOG Resources, Inc. (NYSE:EOG) Shares Sold by Weaver C. Barksdale & Associates Inc.

Weaver C. Barksdale & Associates Inc. trimmed its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,308 shares of the energy exploration company’s stock after selling 229 shares during the quarter. EOG Resources comprises 1.7% of Weaver C. Barksdale & Associates Inc.’s portfolio, making the stock its 29th largest position. Weaver C. Barksdale & Associates Inc.’s holdings in EOG Resources were worth $1,801,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Bridges Investment Management Inc. increased its position in EOG Resources by 120.1% in the second quarter. Bridges Investment Management Inc. now owns 351,177 shares of the energy exploration company’s stock worth $44,203,000 after buying an additional 191,648 shares during the period. Benjamin Edwards Inc. increased its holdings in shares of EOG Resources by 1.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 11,242 shares of the energy exploration company’s stock worth $1,415,000 after acquiring an additional 200 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of EOG Resources by 1.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 281,893 shares of the energy exploration company’s stock worth $35,482,000 after acquiring an additional 3,470 shares during the period. Ieq Capital LLC boosted its stake in EOG Resources by 9.6% during the 2nd quarter. Ieq Capital LLC now owns 21,844 shares of the energy exploration company’s stock valued at $2,750,000 after purchasing an additional 1,915 shares during the period. Finally, Brighton Jones LLC grew its position in EOG Resources by 3.1% in the 2nd quarter. Brighton Jones LLC now owns 7,044 shares of the energy exploration company’s stock worth $887,000 after purchasing an additional 215 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

EOG Resources Trading Up 0.7 %

Shares of NYSE:EOG opened at $125.20 on Friday. The stock has a market capitalization of $71.95 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 2.95 and a beta of 1.28. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67. The company has a 50 day moving average price of $125.70 and a 200 day moving average price of $126.42. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.12.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The business had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. During the same period in the previous year, the firm posted $2.49 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. On average, research analysts anticipate that EOG Resources, Inc. will post 12.2 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.91%. EOG Resources’s payout ratio is presently 28.75%.

Analysts Set New Price Targets

EOG has been the topic of a number of recent analyst reports. Citigroup lifted their price target on EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $147.00 target price on shares of EOG Resources in a research note on Wednesday, July 10th. KeyCorp initiated coverage on EOG Resources in a research note on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price target for the company. Sanford C. Bernstein cut their price objective on shares of EOG Resources from $139.00 to $125.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. decreased their target price on shares of EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Fourteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $142.89.

Insider Buying and Selling at EOG Resources

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 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 directly owns 74,250 shares of the company’s stock, valued at $9,615,375. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $126.48, for a total transaction of $505,920.00. Following the transaction, the chief operating officer now directly owns 35,058 shares of the company’s stock, valued at $4,434,135.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael P. Donaldson sold 11,037 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $129.50, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is currently owned by corporate insiders.

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.