SG Americas Securities LLC Raises Position in EOG Resources, Inc. (NYSE:EOG)

SG Americas Securities LLC grew its position in EOG Resources, Inc. (NYSE:EOG) by 96.1% during the 1st quarter, Holdings Channel reports. The fund owned 87,653 shares of the energy exploration company’s stock after buying an additional 42,965 shares during the quarter. SG Americas Securities LLC’s holdings in EOG Resources were worth $11,206,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EOG. Empowered Funds LLC raised its position in EOG Resources by 16.0% during the first quarter. Empowered Funds LLC now owns 207,892 shares of the energy exploration company’s stock worth $26,577,000 after acquiring an additional 28,685 shares during the last quarter. Quantbot Technologies LP acquired a new position in EOG Resources during the first quarter worth about $699,000. Envestnet Portfolio Solutions Inc. raised its position in EOG Resources by 28.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 42,272 shares of the energy exploration company’s stock worth $5,404,000 after acquiring an additional 9,371 shares during the last quarter. Empirical Finance LLC raised its position in EOG Resources by 2.6% during the first quarter. Empirical Finance LLC now owns 28,532 shares of the energy exploration company’s stock worth $3,648,000 after acquiring an additional 736 shares during the last quarter. Finally, TFG Advisers LLC acquired a new position in EOG Resources during the first quarter worth about $208,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $128.95 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. The company has a 50 day moving average price of $124.89 and a 200 day moving average price of $122.78. The firm has a market capitalization of $74.11 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 1.78 and a beta of 1.30.

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

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.82%. EOG Resources’s dividend payout ratio is currently 28.75%.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 7,802 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the completion of the sale, the chief operating officer now directly owns 39,054 shares in the company, valued at $5,079,753.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, COO Jeffrey R. Leitzell sold 7,802 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $130.07, for a total value of $1,014,806.14. Following the completion of the transaction, the chief operating officer now directly owns 39,054 shares in the company, valued at $5,079,753.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the completion of the transaction, the president now directly owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The disclosure for this sale can be found here. Insiders sold a total of 16,512 shares of company stock worth $2,144,972 over the last ninety days. 0.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EOG. KeyCorp assumed coverage on shares of EOG Resources in a research report on Thursday, June 27th. They set an “overweight” rating and a $157.00 target price for the company. Benchmark reissued a “hold” rating on shares of EOG Resources in a research report on Tuesday, May 7th. Bank of America reissued a “buy” rating and issued a $151.00 price objective on shares of EOG Resources in a research report on Friday, June 14th. TD Cowen boosted their price objective on shares of EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Thirteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $144.55.

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.