Simmons Bank Decreases Position in EOG Resources, Inc. (NYSE:EOG)

Simmons Bank cut its position in EOG Resources, Inc. (NYSE:EOG) by 6.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,355 shares of the energy exploration company’s stock after selling 689 shares during the period. Simmons Bank’s holdings in EOG Resources were worth $1,328,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Capital World Investors raised its holdings in EOG Resources by 5.2% in the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock worth $5,628,497,000 after buying an additional 2,270,013 shares during the last quarter. Geode Capital Management LLC raised its holdings in EOG Resources by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company’s stock worth $1,541,282,000 after buying an additional 234,067 shares during the last quarter. Northern Trust Corp raised its holdings 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 during the last quarter. Alliancebernstein L.P. raised its holdings 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 during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in EOG Resources by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,874,964 shares of the energy exploration company’s stock worth $597,476,000 after buying an additional 50,896 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the business’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 transaction, the chief operating officer owned 45,739 shares of the company’s stock, valued at approximately $5,472,671.35. The trade was a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

EOG Resources Stock Performance

EOG opened at $124.51 on Friday. The firm has a market cap of $67.95 billion, a P/E ratio of 11.55, a PEG ratio of 9.94 and a beta of 0.76. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a 50 day simple moving average of $115.78 and a two-hundred day simple moving average of $121.26. 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 posted its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.12. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. EOG Resources had a net margin of 26.14% and a return on equity of 22.35%. The company’s revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.82 earnings per share. Equities analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be given a $1.02 dividend. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Friday, October 17th. EOG Resources’s dividend payout ratio is presently 36.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EOG. Royal Bank Of Canada reiterated an “outperform” rating and issued a $145.00 price target on shares of EOG Resources in a research note on Friday, June 20th. Susquehanna reduced their price target on shares of EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a research note on Tuesday, April 22nd. Barclays lifted their price target on shares of EOG Resources from $137.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, June 2nd. Scotiabank upgraded shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and reduced their price target for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Twelve equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $139.48.

EOG Resources Company 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.