JFS Wealth Advisors LLC Acquires 114 Shares of EOG Resources, Inc. (NYSE:EOG)

JFS Wealth Advisors LLC increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 31.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 472 shares of the energy exploration company’s stock after buying an additional 114 shares during the quarter. JFS Wealth Advisors LLC’s holdings in EOG Resources were worth $61,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital World Investors raised its stake in EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company’s stock worth $5,628,497,000 after buying an additional 2,270,013 shares during the period. Charles Schwab Investment Management Inc. raised its stake in EOG Resources by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company’s stock worth $2,230,014,000 after buying an additional 781,282 shares during the period. Geode Capital Management LLC raised its stake in EOG Resources by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company’s stock worth $1,541,282,000 after buying an additional 234,067 shares during the period. Northern Trust Corp raised its stake in EOG Resources by 2.9% during the 4th quarter. Northern Trust Corp now owns 5,719,012 shares of the energy exploration company’s stock worth $701,036,000 after buying an additional 159,216 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of EOG Resources by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company’s stock worth $696,990,000 after purchasing an additional 365,115 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG opened at $120.77 on Wednesday. The stock has a fifty day simple moving average of $114.05 and a two-hundred day simple moving average of $121.46. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The firm has a market cap of $65.92 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 9.97 and a beta of 0.74. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period in the prior year, the company earned $2.82 earnings per share. EOG Resources’s revenue was down 7.4% compared to the same quarter last year. Analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 3.38%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources’s dividend payout ratio is 36.18%.

Analyst Ratings Changes

Several brokerages have recently commented on EOG. Royal Bank Of Canada reissued an “outperform” rating and issued a $145.00 price objective on shares of EOG Resources in a research note on Friday, June 20th. Barclays increased their price objective on EOG Resources from $137.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, June 2nd. Wells Fargo & Company increased their price objective on EOG Resources from $146.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, June 16th. Susquehanna lowered their price objective on EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a research note on Tuesday, April 22nd. Finally, Bank of America lowered their price objective on EOG Resources from $125.00 to $124.00 and set a “neutral” rating for the company in a research note on Friday, May 23rd. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $139.48.

EOG Resources 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.