CoreCap Advisors LLC Has $1.13 Million Position in EOG Resources, Inc. (NYSE:EOG)

CoreCap Advisors LLC boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 12.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,176 shares of the energy exploration company’s stock after buying an additional 1,047 shares during the quarter. CoreCap Advisors LLC’s holdings in EOG Resources were worth $1,125,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Fulton Bank N.A. increased its holdings in EOG Resources by 25.6% in the fourth quarter. Fulton Bank N.A. now owns 5,266 shares of the energy exploration company’s stock valued at $646,000 after purchasing an additional 1,073 shares during the last quarter. Watts Gwilliam & Co. LLC increased its stake in shares of EOG Resources by 227.5% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 5,689 shares of the energy exploration company’s stock valued at $726,000 after acquiring an additional 3,952 shares during the last quarter. LVM Capital Management Ltd. MI raised its position in shares of EOG Resources by 135.1% in the 4th quarter. LVM Capital Management Ltd. MI now owns 81,762 shares of the energy exploration company’s stock valued at $10,022,000 after acquiring an additional 46,991 shares during the period. Graypoint LLC boosted its stake in EOG Resources by 13.3% during the 4th quarter. Graypoint LLC now owns 4,579 shares of the energy exploration company’s stock worth $561,000 after acquiring an additional 536 shares during the last quarter. Finally, Czech National Bank grew its holdings in EOG Resources by 5.3% during the fourth quarter. Czech National Bank now owns 121,951 shares of the energy exploration company’s stock valued at $14,949,000 after purchasing an additional 6,103 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EOG. Susquehanna reduced their price target on shares of EOG Resources from $161.00 to $156.00 and set a “positive” rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Finally, Morgan Stanley decreased their price objective on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Eleven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and a consensus target price of $140.95.

EOG Resources Stock Up 1.5 %

EOG Resources stock opened at $109.62 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company has a fifty day simple moving average of $116.90 and a 200 day simple moving average of $124.63. The company has a market cap of $59.83 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

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 23.77% and a net margin of 29.18%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same quarter last year, the company earned $2.82 EPS. EOG Resources’s revenue for the quarter was down 7.4% compared to the same quarter last year. Research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, July 17th. EOG Resources’s dividend payout ratio is currently 36.18%.

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.