Confluence Investment Management LLC Makes New $24.54 Million Investment in EOG Resources, Inc. (NYSE:EOG)

Confluence Investment Management LLC acquired a new position in EOG Resources, Inc. (NYSE:EOGFree Report) in the 1st quarter, HoldingsChannel reports. The firm acquired 191,926 shares of the energy exploration company’s stock, valued at approximately $24,536,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. McIlrath & Eck LLC lifted its holdings in EOG Resources by 77.6% in the 3rd quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after buying an additional 104 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of EOG Resources by 530.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock valued at $30,000 after purchasing an additional 212 shares during the period. Sachetta LLC purchased a new position in shares of EOG Resources in the 4th quarter valued at approximately $33,000. Hall Laurie J Trustee purchased a new position in shares of EOG Resources in the 4th quarter valued at approximately $36,000. Finally, Keener Financial Planning LLC purchased a new position in shares of EOG Resources in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EOG. Barclays began coverage on EOG Resources in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $144.00 target price for the company. KeyCorp raised their target price on EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Mizuho raised their price objective on EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, May 13th. StockNews.com raised EOG Resources from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research report on Tuesday, April 9th. Thirteen 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.19.

Check Out Our Latest Report on EOG Resources

Insider Transactions at EOG Resources

In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the sale, the president now directly owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ezra Y. Yacob sold 4,729 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total transaction of $611,506.99. Following the transaction, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value of $168,829.92. Following the transaction, the president now directly owns 161,109 shares in the company, valued at approximately $20,987,669.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,512 shares of company stock valued at $2,144,972. 0.20% of the stock is currently owned by insiders.

EOG Resources Stock Performance

NYSE EOG traded up $0.24 on Tuesday, hitting $119.32. 590,771 shares of the company traded hands, compared to its average volume of 3,273,315. The company has a market capitalization of $68.57 billion, a price-to-earnings ratio of 9.45 and a beta of 1.32. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average price is $128.30 and its 200-day moving average price is $122.25. EOG Resources, Inc. has a 52-week low of $106.34 and a 52-week high of $139.67.

EOG Resources (NYSE:EOGGet Free Report) last released its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the business earned $2.69 earnings per share. EOG Resources’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts expect that EOG Resources, Inc. will post 12.14 earnings per share for the current year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th will be given a $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a dividend yield of 3.05%. EOG Resources’s payout ratio is 28.75%.

EOG Resources Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding EOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EOG Resources, Inc. (NYSE:EOGFree Report).

Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

Receive News & Ratings for EOG Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EOG Resources and related companies with MarketBeat.com's FREE daily email newsletter.