First United Bank Trust increased its holdings in EOG Resources Inc (NYSE:EOG) by 6.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,285 shares of the energy exploration company’s stock after buying an additional 305 shares during the quarter. First United Bank Trust’s holdings in EOG Resources were worth $503,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Athena Capital Advisors LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth $46,000. Legacy Financial Advisors Inc. increased its position in EOG Resources by 108.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 552 shares of the energy exploration company’s stock worth $48,000 after buying an additional 287 shares during the last quarter. Quad Cities Investment Group LLC acquired a new stake in shares of EOG Resources in the first quarter valued at about $48,000. Proficio Capital Partners LLC grew its position in shares of EOG Resources by 30.8% in the fourth quarter. Proficio Capital Partners LLC now owns 565 shares of the energy exploration company’s stock valued at $49,000 after purchasing an additional 133 shares during the last quarter. Finally, Enlightenment Research LLC acquired a new stake in shares of EOG Resources in the fourth quarter valued at about $52,000. 88.19% of the stock is owned by institutional investors and hedge funds.
Shares of EOG opened at $90.90 on Friday. EOG Resources Inc has a 52 week low of $82.04 and a 52 week high of $133.53. The stock has a market capitalization of $55.71 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.27 and a beta of 1.24. The company has a current ratio of 1.36, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, July 16th. This is a positive change from EOG Resources’s previous quarterly dividend of $0.22. EOG Resources’s dividend payout ratio is presently 15.88%.
A number of research firms recently weighed in on EOG. Piper Jaffray Companies reissued a “buy” rating and set a $106.00 target price on shares of EOG Resources in a research report on Wednesday, January 9th. JPMorgan Chase & Co. set a $116.00 target price on EOG Resources and gave the stock a “buy” rating in a research report on Friday, January 25th. Raymond James set a $124.00 price target on shares of EOG Resources and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Guggenheim restated a “buy” rating and set a $126.00 price target on shares of EOG Resources in a research note on Friday, February 22nd. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $126.00 target price on shares of EOG Resources in a report on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twenty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $122.46.
In other EOG Resources news, Director Frank G. Wisner sold 1,296 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the transaction, the director now owns 120,052 shares in the company, valued at approximately $10,478,138.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.
EOG Resources Company Profile
EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.
Further Reading: Certificate of Deposit (CD)
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