10Elms LLP Makes New $44,000 Investment in EOG Resources, Inc. (NYSE:EOG)

10Elms LLP bought a new stake in shares of EOG Resources, Inc. (NYSE:EOG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 362 shares of the energy exploration company’s stock, valued at approximately $44,000.

Other institutional investors have also recently made changes to their positions in the company. Essex Financial Services Inc. grew its position in EOG Resources by 1.3% in the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock worth $753,000 after purchasing an additional 79 shares during the period. Valmark Advisers Inc. boosted its stake in shares of EOG Resources by 2.6% in the 4th quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock worth $385,000 after buying an additional 79 shares during the last quarter. Deseret Mutual Benefit Administrators grew its holdings 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 worth $121,000 after acquiring an additional 80 shares during the period. 1ST Source Bank increased its position in EOG Resources by 1.5% during the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company’s stock valued at $656,000 after acquiring an additional 80 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. lifted its holdings in 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 acquiring an additional 80 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of NYSE EOG opened at $112.50 on Wednesday. The company has a market cap of $61.40 billion, a P/E ratio of 9.06, a P/E/G ratio of 3.58 and a beta of 0.78. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm’s fifty day moving average is $115.47 and its two-hundred day moving average is $124.19.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping 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 the consensus estimate of $5.92 billion. During the same period in the previous year, the business earned $2.82 earnings per share. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis. As a group, analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 17th will be given a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.47%. EOG Resources’s dividend payout ratio is currently 36.18%.

Analyst Upgrades and Downgrades

EOG has been the subject of several research reports. Mizuho reduced their price target on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Barclays cut their target price on shares of EOG Resources from $140.00 to $137.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. Citigroup dropped their price target on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Morgan Stanley reduced their price objective on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Finally, Williams Trading set a $154.00 target price on EOG Resources in a report on Wednesday, March 5th. 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.05.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

About EOG Resources

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.