Janney Montgomery Scott LLC Grows Stock Position in EOG Resources, Inc. $EOG

Janney Montgomery Scott LLC boosted its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 1.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 270,428 shares of the energy exploration company’s stock after buying an additional 4,302 shares during the quarter. Janney Montgomery Scott LLC’s holdings in EOG Resources were worth $39,096,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EOG. Legal & General Group Plc raised its position in EOG Resources by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 3,394,236 shares of the energy exploration company’s stock worth $380,562,000 after purchasing an additional 68,888 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of EOG Resources by 66.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 19,745 shares of the energy exploration company’s stock valued at $2,073,000 after buying an additional 7,877 shares during the period. L2 Asset Management LLC boosted its position in shares of EOG Resources by 69.6% during the third quarter. L2 Asset Management LLC now owns 19,355 shares of the energy exploration company’s stock valued at $2,170,000 after buying an additional 7,940 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of EOG Resources by 2.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,150,840 shares of the energy exploration company’s stock valued at $123,451,000 after buying an additional 24,984 shares during the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co grew its stake in shares of EOG Resources by 39.2% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 87,000 shares of the energy exploration company’s stock valued at $9,136,000 after buying an additional 24,500 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors.

EOG Resources Trading Up 0.0%

EOG opened at $132.64 on Monday. The stock’s fifty day moving average is $135.81 and its two-hundred day moving average is $125.65. The company has a market capitalization of $70.65 billion, a P/E ratio of 13.06 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 quick ratio of 1.53, a current ratio of 1.72 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last issued its earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a return on equity of 19.25% and a net margin of 23.01%.The business had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period in the previous year, the company posted $2.87 EPS. EOG Resources’s revenue was up 22.1% on a year-over-year basis. Analysts forecast that EOG Resources, Inc. will post 16.64 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. EOG Resources’s dividend payout ratio (DPR) is currently 40.16%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EOG shares. Mizuho set a $157.00 price target on EOG Resources and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Wolfe Research upped their price objective on EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. DA Davidson increased their target price on EOG Resources from $148.00 to $153.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Wells Fargo & Company set a $196.00 target price on EOG Resources and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Finally, Scotiabank boosted their target price on shares of EOG Resources from $123.00 to $139.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Moderate Buy” and a consensus target price of $155.86.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value of $856,523.36. Following the completion of the sale, the chief operating officer directly owned 88,045 shares in the company, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by insiders.

EOG Resources Company Profile

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.