Integrated Advisors Network LLC Buys 2,114 Shares of EOG Resources, Inc. (NYSE:EOG)

Integrated Advisors Network LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 4.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 55,461 shares of the energy exploration company’s stock after purchasing an additional 2,114 shares during the period. Integrated Advisors Network LLC’s holdings in EOG Resources were worth $6,708,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in EOG. Capital World Investors boosted its position in 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 purchasing an additional 9,455,621 shares during the period. Ameriprise Financial Inc. boosted its position in EOG Resources by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after purchasing an additional 892,951 shares during the period. Morgan Stanley boosted its position in EOG Resources by 1.5% during the third quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock worth $987,432,000 after purchasing an additional 116,860 shares during the period. Northern Trust Corp boosted its position in EOG Resources by 3.1% during the third quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company’s stock worth $793,607,000 after purchasing an additional 185,882 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in 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 purchasing an additional 1,029,727 shares during the period. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EOG shares. StockNews.com upgraded shares of EOG Resources from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. TD Cowen increased their price target on shares of EOG Resources from $130.00 to $144.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Benchmark reissued a “hold” rating on shares of EOG Resources in a report on Tuesday, May 7th. TD Securities lowered their price target on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, February 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 price target on shares of EOG Resources in a report on Tuesday, April 9th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $143.19.

Insider Transactions at EOG Resources

In other news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’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 value of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’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 value of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares in the company, valued at $19,457,792.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the completion of the transaction, the chief operating officer now owns 39,054 shares in the company, valued at approximately $5,079,753.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,512 shares of company stock worth $2,144,972. Insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

NYSE EOG traded down $0.86 on Friday, reaching $118.24. 2,850,281 shares of the company’s stock traded hands, compared to its average volume of 2,940,262. EOG Resources, Inc. has a 12 month low of $106.34 and a 12 month high of $139.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. The stock has a 50-day simple moving average of $128.63 and a 200 day simple moving average of $122.28. The stock has a market cap of $67.95 billion, a PE ratio of 9.34 and a beta of 1.32.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.12. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same period last year, the business earned $2.69 earnings per share. The business’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, research analysts predict that EOG Resources, Inc. will post 12.14 earnings per share for the current year.

EOG Resources Dividend Announcement

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 issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio is 28.75%.

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.