Kerusso Capital Management LLC Takes Position in EOG Resources, Inc. (NYSE:EOG)

Kerusso Capital Management LLC purchased a new position in EOG Resources, Inc. (NYSE:EOG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 20,250 shares of the energy exploration company’s stock, valued at approximately $2,549,000. EOG Resources makes up 1.9% of Kerusso Capital Management LLC’s investment portfolio, making the stock its 26th largest holding.

Several other institutional investors also recently bought and sold shares of the company. Aveo Capital Partners LLC grew its holdings in shares of EOG Resources by 4.8% during the fourth quarter. Aveo Capital Partners LLC now owns 2,194 shares of the energy exploration company’s stock valued at $265,000 after buying an additional 101 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of EOG Resources by 2.3% in the 4th quarter. Private Advisor Group LLC now owns 14,840 shares of the energy exploration company’s stock worth $1,795,000 after purchasing an additional 336 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of EOG Resources in the 4th quarter worth $1,291,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of EOG Resources by 88.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 4,334 shares of the energy exploration company’s stock worth $524,000 after purchasing an additional 2,036 shares during the last quarter. Finally, Astoria Portfolio Advisors LLC. bought a new position in shares of EOG Resources during the fourth quarter valued at $277,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 transaction of $1,429,291.50. Following the sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at approximately $9,615,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $126.48, for a total value of $505,920.00. Following the completion of the sale, the chief operating officer now directly owns 35,058 shares in the company, valued at $4,434,135.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,537 shares of company stock valued at $2,751,612. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $120.35 on Friday. The company has a market capitalization of $69.17 billion, a P/E ratio of 9.51, a P/E/G ratio of 3.22 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 firm’s 50 day simple moving average is $126.66 and its two-hundred day simple moving average is $126.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.12 and a quick ratio of 1.89.

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

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Sanford C. Bernstein reduced their price objective on EOG Resources from $139.00 to $125.00 and set a “market perform” rating for the company in a report on Wednesday, July 17th. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a report on Monday, August 5th. Susquehanna dropped their target price on shares of EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a report on Wednesday. Mizuho lifted their target price on shares of EOG Resources from $140.00 to $156.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, Scotiabank lowered their price target on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Thirteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Hold” and a consensus target price of $143.95.

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.