Pitcairn Co. Acquires 526 Shares of EOG Resources, Inc. (NYSE:EOG)

Pitcairn Co. raised its holdings in EOG Resources, Inc. (NYSE:EOG) by 12.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,903 shares of the energy exploration company’s stock after acquiring an additional 526 shares during the quarter. Pitcairn Co.’s holdings in EOG Resources were worth $627,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EOG. Vaughan David Investments LLC IL grew its stake in shares of EOG Resources by 2.5% during the first quarter. Vaughan David Investments LLC IL now owns 298,294 shares of the energy exploration company’s stock worth $38,134,000 after purchasing an additional 7,313 shares during the period. Lake Street Advisors Group LLC grew its position in shares of EOG Resources by 66.9% during the 1st quarter. Lake Street Advisors Group LLC now owns 2,896 shares of the energy exploration company’s stock worth $370,000 after buying an additional 1,161 shares during the period. Hilltop Partners LLC increased its stake in shares of EOG Resources by 15.5% in the 1st quarter. Hilltop Partners LLC now owns 6,993 shares of the energy exploration company’s stock valued at $894,000 after acquiring an additional 940 shares during the last quarter. UniSuper Management Pty Ltd raised its position in shares of EOG Resources by 228.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 15,626 shares of the energy exploration company’s stock valued at $1,998,000 after acquiring an additional 10,868 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its stake in EOG Resources by 5.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 89,680 shares of the energy exploration company’s stock worth $11,465,000 after acquiring an additional 4,566 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. StockNews.com downgraded shares of EOG Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. raised their price objective on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Bank of America reiterated a “buy” rating and set a $151.00 target price on shares of EOG Resources in a report on Friday, June 14th. Morgan Stanley increased their price target on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Finally, Wolfe Research began coverage on EOG Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Fifteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, EOG Resources has an average rating of “Hold” and a consensus price target of $143.20.

EOG Resources Price Performance

Shares of EOG opened at $127.04 on Friday. The company has a market cap of $73.01 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 2.20 and a beta of 1.30. 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 company’s fifty day simple moving average is $124.79 and its 200 day simple moving average is $123.22. EOG Resources, Inc. has a 1-year low of $108.94 and a 1-year high of $139.67.

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

EOG Resources Announces Dividend

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

Insiders Place Their Bets

In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of the firm’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 transaction, the president now directly owns 161,109 shares of the company’s stock, valued at $20,987,669.43. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, President Lloyd W. Helms, Jr. sold 1,296 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the sale, the president now directly owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,079,753.78. The disclosure for this sale can be found here. Insiders sold 16,512 shares of company stock worth $2,144,972 over the last three months. Insiders own 0.30% of the company’s stock.

About EOG Resources

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.