InterOcean Capital Group LLC Has $640,000 Stock Position in EOG Resources, Inc. (NYSE:EOG)

InterOcean Capital Group LLC lifted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 10.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,006 shares of the energy exploration company’s stock after buying an additional 454 shares during the period. InterOcean Capital Group LLC’s holdings in EOG Resources were worth $640,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in EOG Resources by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 54,275,932 shares of the energy exploration company’s stock worth $6,938,635,000 after acquiring an additional 146,674 shares during the last quarter. Capital World Investors grew its position in EOG Resources by 59.2% during the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock worth $3,074,660,000 after acquiring an additional 9,455,621 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock worth $598,475,000 after acquiring an additional 1,029,727 shares during the last quarter. Dimensional Fund Advisors LP grew its position in EOG Resources by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,163,856 shares of the energy exploration company’s stock worth $503,641,000 after acquiring an additional 176,854 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in EOG Resources by 0.3% during the 4th quarter. Franklin Resources Inc. now owns 3,265,952 shares of the energy exploration company’s stock worth $395,017,000 after acquiring an additional 10,506 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the completion of the sale, the president now directly owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, COO Jeffrey R. Leitzell sold 7,802 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was 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 of the company’s stock, valued at $5,079,753.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total value 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 valued at $2,144,972 over the last ninety days. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada restated a “sector perform” rating and set a $147.00 price objective on shares of EOG Resources in a research report on Wednesday, July 10th. Scotiabank reduced their price target on EOG Resources from $155.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Morgan Stanley upped their price target on EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. TD Cowen upped their price target on EOG Resources from $130.00 to $144.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Finally, StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Fifteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $143.20.

EOG Resources Stock Up 1.6 %

EOG stock traded up $1.94 during trading on Thursday, reaching $127.04. 2,240,610 shares of the stock were exchanged, compared to its average volume of 3,195,439. The firm’s 50 day moving average is $124.81 and its 200 day moving average is $123.19. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. The firm has a market cap of $73.01 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The business had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.69 EPS. As a group, research analysts forecast that EOG Resources, Inc. will post 12.1 EPS for the current year.

EOG Resources Announces Dividend

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

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.