EOG Resources Inc (EOG) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its stake in EOG Resources Inc (NYSE:EOG) by 10.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,816 shares of the energy exploration company’s stock after buying an additional 7,616 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in EOG Resources were worth $7,407,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Bedell Frazier Investment Counseling LLC raised its stake in shares of EOG Resources by 55.9% during the first quarter. Bedell Frazier Investment Counseling LLC now owns 70,560 shares of the energy exploration company’s stock valued at $6,716,000 after acquiring an additional 25,288 shares during the last quarter. KG&L Capital Management LLC bought a new position in shares of EOG Resources during the first quarter valued at $388,000. Moors & Cabot Inc. raised its stake in shares of EOG Resources by 27.5% during the first quarter. Moors & Cabot Inc. now owns 3,732 shares of the energy exploration company’s stock valued at $354,000 after acquiring an additional 806 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of EOG Resources by 72.9% during the first quarter. CIBC Asset Management Inc now owns 151,295 shares of the energy exploration company’s stock valued at $14,400,000 after acquiring an additional 63,799 shares during the last quarter. Finally, IndexIQ Advisors LLC raised its stake in shares of EOG Resources by 3.3% during the first quarter. IndexIQ Advisors LLC now owns 5,649 shares of the energy exploration company’s stock valued at $538,000 after acquiring an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 88.25% of the company’s stock.

In related news, Director Frank G. Wisner sold 1,296 shares of EOG Resources stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $87.28, for a total transaction of $113,114.88. Following the completion of the transaction, the director now owns 120,052 shares of the company’s stock, valued at $10,478,138.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by company insiders.

Shares of NYSE EOG opened at $95.63 on Wednesday. EOG Resources Inc has a twelve month low of $82.04 and a twelve month high of $133.53. The firm has a market cap of $53.98 billion, a P/E ratio of 17.26, a PEG ratio of 1.14 and a beta of 1.24. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 2nd. The energy exploration company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.16. EOG Resources had a net margin of 19.35% and a return on equity of 17.10%. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the firm earned $1.19 earnings per share. EOG Resources’s quarterly revenue was up 10.3% on a year-over-year basis. On average, research analysts predict that EOG Resources Inc will post 5.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Tuesday, July 16th. This is an increase from EOG Resources’s previous quarterly dividend of $0.22. EOG Resources’s dividend payout ratio (DPR) is currently 15.88%.

EOG has been the subject of several analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $126.00 price target on shares of EOG Resources in a research note on Wednesday, February 27th. Guggenheim reaffirmed a “buy” rating and set a $126.00 price target on shares of EOG Resources in a research note on Friday, February 22nd. JPMorgan Chase & Co. set a $116.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research note on Friday, January 25th. Raymond James set a $124.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Finally, Argus set a $120.00 price target on shares of EOG Resources and gave the company a “buy” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $121.84.

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About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. The company's principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and the Republic of Trinidad and Tobago, the People's Republic of China, and Canada.

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Institutional Ownership by Quarter for EOG Resources (NYSE:EOG)

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