1,885 Shares in EOG Resources, Inc. (NYSE:EOG) Acquired by Quad Cities Investment Group LLC

Quad Cities Investment Group LLC acquired a new stake in EOG Resources, Inc. (NYSE:EOG) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,885 shares of the energy exploration company’s stock, valued at approximately $216,000.

A number of other institutional investors have also recently modified their holdings of the stock. CENTRAL TRUST Co increased its holdings in shares of EOG Resources by 0.8% in the third quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company’s stock worth $1,019,000 after buying an additional 74 shares during the period. Bollard Group LLC increased its stake in shares of EOG Resources by 0.7% in the fourth quarter. Bollard Group LLC now owns 10,569 shares of the energy exploration company’s stock worth $1,369,000 after buying an additional 77 shares during the period. White Pine Capital LLC raised its holdings in EOG Resources by 2.2% during the 4th quarter. White Pine Capital LLC now owns 3,942 shares of the energy exploration company’s stock valued at $511,000 after buying an additional 85 shares during the last quarter. Chelsea Counsel Co. boosted its position in EOG Resources by 1.4% during the 4th quarter. Chelsea Counsel Co. now owns 6,360 shares of the energy exploration company’s stock valued at $824,000 after buying an additional 85 shares during the period. Finally, Ausdal Financial Partners Inc. grew its holdings in EOG Resources by 4.2% in the 1st quarter. Ausdal Financial Partners Inc. now owns 2,262 shares of the energy exploration company’s stock worth $259,000 after acquiring an additional 91 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO Lloyd W. Helms, Jr. sold 4,551 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $130.76, for a total transaction of $595,088.76. Following the sale, the chief operating officer now owns 145,259 shares of the company’s stock, valued at approximately $18,994,066.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Jeffrey R. Leitzell sold 2,031 shares of EOG Resources stock in a transaction on Friday, July 7th. The stock was sold at an average price of $117.26, for a total value of $238,155.06. Following the completion of the sale, the executive vice president now owns 37,607 shares of the company’s stock, valued at $4,409,796.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Lloyd W. Helms, Jr. sold 4,551 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $130.76, for a total value of $595,088.76. Following the completion of the transaction, the chief operating officer now directly owns 145,259 shares in the company, valued at approximately $18,994,066.84. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EOG shares. Wells Fargo & Company dropped their target price on shares of EOG Resources from $154.00 to $152.00 and set an “overweight” rating for the company in a report on Friday, September 1st. StockNews.com initiated coverage on EOG Resources in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Morgan Stanley upped their target price on EOG Resources from $125.00 to $129.00 and gave the company an “overweight” rating in a report on Friday, August 18th. TD Securities lifted their price target on shares of EOG Resources from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, August 4th. Finally, Evercore ISI decreased their price objective on shares of EOG Resources from $115.00 to $113.00 in a report on Monday, July 10th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.21.

EOG Resources Stock Performance

Shares of EOG stock opened at $131.89 on Tuesday. The company has a market capitalization of $76.79 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 0.42 and a beta of 1.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.02 and a current ratio of 2.39. EOG Resources, Inc. has a one year low of $98.52 and a one year high of $150.88. The company’s 50-day moving average is $128.38 and its 200 day moving average is $118.72.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 3rd. The energy exploration company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.21. EOG Resources had a net margin of 33.58% and a return on equity of 28.52%. The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter last year, the firm earned $2.74 earnings per share. The firm’s quarterly revenue was down 24.8% compared to the same quarter last year. Sell-side analysts expect that EOG Resources, Inc. will post 11.08 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Monday, October 16th. This represents a $3.30 annualized dividend and a dividend yield of 2.50%. EOG Resources’s dividend payout ratio (DPR) is presently 22.24%.

EOG Resources Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.