EOG Resources, Inc. (NYSE:EOG) Shares Sold by St. James Investment Company LLC

St. James Investment Company LLC decreased its position in EOG Resources, Inc. (NYSE:EOG) by 0.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 161,354 shares of the energy exploration company’s stock after selling 695 shares during the period. EOG Resources makes up about 3.4% of St. James Investment Company LLC’s investment portfolio, making the stock its 11th largest position. St. James Investment Company LLC’s holdings in EOG Resources were worth $20,692,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EOG. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources in the 4th quarter valued at $25,000. Lee Danner & Bass Inc. purchased a new stake in shares of EOG Resources in the fourth quarter worth approximately $28,000. Heritage Wealth Advisors lifted its position in shares of EOG Resources by 562.2% in the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 208 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of EOG Resources during the first quarter worth approximately $34,000. Finally, Ameriflex Group Inc. purchased a new position in EOG Resources during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 3,951 shares of the firm’s stock in a transaction on Monday, June 30th. The shares were sold at an average price of $119.65, for a total value of $472,737.15. Following the completion of the transaction, the chief operating officer owned 45,739 shares of the company’s stock, valued at approximately $5,472,671.35. This trade represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

EOG has been the subject of a number of research analyst reports. Wells Fargo & Company reiterated an “overweight” rating on shares of EOG Resources in a research report on Sunday, June 22nd. Raymond James Financial raised their price target on EOG Resources from $148.00 to $158.00 and gave the company a “strong-buy” rating in a research report on Monday, June 2nd. UBS Group reaffirmed a “buy” rating and issued a $140.00 target price (up previously from $135.00) on shares of EOG Resources in a report on Tuesday, June 3rd. JPMorgan Chase & Co. dropped their price target on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Finally, Mizuho cut their price target on EOG Resources from $140.00 to $134.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $139.48.

EOG Resources Stock Performance

EOG opened at $122.94 on Thursday. The company has a market capitalization of $67.10 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 9.74 and a beta of 0.76. The business’s 50-day moving average price is $115.33 and its two-hundred day moving average price is $121.24. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.87 and a quick ratio of 1.71.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.12. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. EOG Resources’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.82 EPS. Equities analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Friday, October 17th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. EOG Resources’s payout ratio is currently 36.18%.

EOG Resources 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.