Integrated Advisors Network LLC Reduces Position in EOG Resources, Inc. (NYSE:EOG)

Integrated Advisors Network LLC lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 10.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,088 shares of the energy exploration company’s stock after selling 2,252 shares during the period. Integrated Advisors Network LLC’s holdings in EOG Resources were worth $2,448,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Capital World Investors boosted its position in shares of EOG Resources by 5.2% during the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock valued at $5,628,497,000 after buying an additional 2,270,013 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of EOG Resources by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock valued at $2,230,014,000 after acquiring an additional 781,282 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of EOG Resources by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company’s stock valued at $1,541,282,000 after acquiring an additional 234,067 shares in the last quarter. Northern Trust Corp raised its stake in EOG Resources by 2.9% in the fourth quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company’s stock worth $701,036,000 after buying an additional 159,216 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in EOG Resources by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company’s stock worth $696,990,000 after buying an additional 365,115 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, the chief operating officer now owns 47,732 shares of the company’s stock, valued at approximately $6,098,240.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.13% of the company’s stock.

EOG Resources Trading Up 1.6%

NYSE EOG opened at $119.80 on Thursday. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm’s fifty day moving average is $111.34 and its two-hundred day moving average is $122.03. The firm has a market cap of $65.39 billion, a PE ratio of 9.65, a P/E/G ratio of 3.58 and a beta of 0.74.

EOG Resources (NYSE:EOG) last issued its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same period in the prior year, the business posted $2.82 earnings per share. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. Analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a dividend of $1.02 per share. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. This represents a $4.08 annualized dividend and a yield of 3.41%. EOG Resources’s dividend payout ratio is 36.18%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EOG shares. Scotiabank raised shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and cut their price target for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Bank of America lowered their price target on shares of EOG Resources from $125.00 to $124.00 and set a “neutral” rating on the stock in a report on Friday, May 23rd. Mizuho lowered their price target on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. Williams Trading set a $154.00 price objective on shares of EOG Resources in a research report on Wednesday, March 5th. Finally, UBS Group reiterated a “buy” rating and issued a $140.00 price objective (up previously from $135.00) on shares of EOG Resources in a research report on Tuesday, June 3rd. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $139.58.

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.