MainStreet Investment Advisors LLC Has $3.33 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

MainStreet Investment Advisors LLC lessened its position in EOG Resources, Inc. (NYSE:EOG) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,145 shares of the energy exploration company’s stock after selling 564 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in EOG Resources were worth $3,327,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Essex Financial Services Inc. increased its stake in shares of EOG Resources by 1.3% in the fourth quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock valued at $753,000 after buying an additional 79 shares during the period. Valmark Advisers Inc. increased its stake in shares of EOG Resources by 2.6% in the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock valued at $385,000 after buying an additional 79 shares during the period. Deseret Mutual Benefit Administrators increased its stake in shares of EOG Resources by 8.8% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company’s stock valued at $121,000 after buying an additional 80 shares during the period. 1ST Source Bank increased its stake in shares of EOG Resources by 1.5% in the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company’s stock valued at $656,000 after buying an additional 80 shares during the period. Finally, Penobscot Investment Management Company Inc. increased its stake in shares of EOG Resources by 2.0% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 4,065 shares of the energy exploration company’s stock valued at $498,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following 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 ownership of the stock. The transaction 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 Trading Up 2.8%

Shares of EOG Resources stock opened at $117.23 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18. The stock has a 50 day moving average price of $116.42 and a two-hundred day moving average price of $124.42. The stock has a market capitalization of $63.98 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.92 billion. During the same quarter last year, the company earned $2.82 earnings per share. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.47 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 Thursday, July 31st. Stockholders of record on Thursday, July 17th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.33%. EOG Resources’s dividend payout ratio is presently 36.18%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EOG. Mizuho decreased their price target on EOG Resources from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Tuesday. KeyCorp decreased their target price on EOG Resources from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Barclays decreased their target price on EOG Resources from $140.00 to $137.00 and set an “equal weight” rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company decreased their target price on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, StockNews.com cut EOG Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.63.

EOG Resources Company 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.