Vaughan David Investments LLC IL Trims Stake in EOG Resources, Inc. $EOG

Vaughan David Investments LLC IL lowered its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 313,624 shares of the energy exploration company’s stock after selling 5,775 shares during the quarter. Vaughan David Investments LLC IL’s holdings in EOG Resources were worth $32,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of EOG. Capital World Investors grew its holdings in EOG Resources by 1.4% in the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after purchasing an additional 782,426 shares during the period. Vanguard Group Inc. grew its holdings in EOG Resources by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after purchasing an additional 446,341 shares during the period. Capital Research Global Investors grew its holdings in EOG Resources by 0.5% in the third quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock worth $2,794,784,000 after purchasing an additional 122,486 shares during the period. Geode Capital Management LLC grew its holdings in EOG Resources by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 13,046,709 shares of the energy exploration company’s stock worth $1,364,309,000 after purchasing an additional 95,260 shares during the period. Finally, Franklin Resources Inc. grew its holdings in EOG Resources by 24.2% in the fourth quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock worth $676,627,000 after purchasing an additional 1,257,110 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on EOG. Weiss Ratings upgraded shares of EOG Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Susquehanna upped their price objective on shares of EOG Resources from $144.00 to $162.00 and gave the stock a “positive” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. upped their price objective on shares of EOG Resources from $145.00 to $148.00 in a report on Thursday, May 7th. Morgan Stanley upped their price objective on shares of EOG Resources from $155.00 to $160.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. Finally, BMO Capital Markets upped their target price on shares of EOG Resources from $140.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.32.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer owned 88,045 shares in the company, valued at $13,234,924.40. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the transaction, the chief financial officer owned 100,246 shares in the company, valued at approximately $14,038,449.84. This trade represents a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is owned by corporate insiders.

EOG Resources Trading Down 2.7%

Shares of NYSE EOG opened at $136.50 on Friday. The firm’s 50 day moving average price is $137.12 and its 200-day moving average price is $123.78. The company has a market cap of $72.71 billion, a PE ratio of 13.44 and a beta of 0.25. EOG Resources, Inc. has a 52-week low of $101.59 and a 52-week high of $151.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.72.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.18. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.18 billion. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.87 earnings per share. On average, equities research analysts expect that EOG Resources, Inc. will post 16.63 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. EOG Resources’s dividend payout ratio is 40.16%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.