EOG Resources, Inc. (NYSE:EOG) Shares Bought by Westside Investment Management Inc.

Westside Investment Management Inc. raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 76.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,590 shares of the energy exploration company’s stock after buying an additional 690 shares during the period. Westside Investment Management Inc.’s holdings in EOG Resources were worth $205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McIlrath & Eck LLC increased its position in shares of EOG Resources by 77.6% during the third quarter. McIlrath & Eck LLC now owns 238 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 104 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of EOG Resources by 530.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 252 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 212 shares in the last quarter. Sachetta LLC acquired a new stake in shares of EOG Resources during the fourth quarter worth about $33,000. Norwood Financial Corp acquired a new stake in shares of EOG Resources during the first quarter worth about $37,000. Finally, Hall Laurie J Trustee acquired a new stake in shares of EOG Resources during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE:EOG opened at $126.78 on Thursday. The business’s 50 day simple moving average is $125.96 and its 200-day simple moving average is $122.53. The firm has a market capitalization of $72.86 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 1.75 and a beta of 1.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 2.05. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.70 by $0.12. The business had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.69 EPS. As a group, equities analysts forecast that EOG Resources, Inc. will post 12.06 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, July 17th. EOG Resources’s payout ratio is currently 28.75%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Scotiabank cut EOG Resources from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the stock from $135.00 to $155.00 in a research report on Thursday, April 11th. Mizuho boosted their price target on EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Benchmark restated a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. KeyCorp started coverage on EOG Resources in a research report on Thursday, June 27th. They issued an “overweight” rating and a $157.00 price target on the stock. Finally, Susquehanna boosted their price target on EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Thirteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, EOG Resources currently has an average rating of “Hold” and an average price target of $143.19.

Insider Activity at EOG Resources

In related 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 value of $611,506.99. Following the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at approximately $19,457,792.94. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Michael P. Donaldson sold 2,685 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $130.29, for a total value of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ezra Y. Yacob sold 4,729 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the transaction, the chief executive officer now directly owns 150,474 shares in the company, valued at $19,457,792.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,512 shares of company stock valued at $2,144,972. 0.20% of the stock is owned by corporate insiders.

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.