Procyon Advisors LLC Grows Stock Position in EOG Resources, Inc. $EOG

Procyon Advisors LLC raised its position in EOG Resources, Inc. (NYSE:EOG) by 167.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,542 shares of the energy exploration company’s stock after buying an additional 19,732 shares during the quarter. Procyon Advisors LLC’s holdings in EOG Resources were worth $3,312,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sivia Capital Partners LLC purchased a new stake in EOG Resources in the 2nd quarter worth about $258,000. TD Waterhouse Canada Inc. lifted its holdings in EOG Resources by 33.2% during the second quarter. TD Waterhouse Canada Inc. now owns 3,409 shares of the energy exploration company’s stock valued at $413,000 after purchasing an additional 850 shares during the last quarter. Swiss National Bank lifted its holdings in EOG Resources by 5.7% during the second quarter. Swiss National Bank now owns 1,669,600 shares of the energy exploration company’s stock valued at $199,701,000 after purchasing an additional 90,200 shares during the last quarter. DNB Asset Management AS boosted its position in EOG Resources by 3.1% during the second quarter. DNB Asset Management AS now owns 107,258 shares of the energy exploration company’s stock worth $12,829,000 after purchasing an additional 3,206 shares during the period. Finally, Mediolanum International Funds Ltd boosted its position in EOG Resources by 29.0% during the second quarter. Mediolanum International Funds Ltd now owns 152,960 shares of the energy exploration company’s stock worth $18,478,000 after purchasing an additional 34,427 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Ann D. Janssen sold 2,597 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $134.31, for a total transaction of $348,803.07. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares in the company, valued at $13,464,040.26. The trade was a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $130.00, for a total value of $260,000.00. Following the completion of the transaction, the chief operating officer owned 88,045 shares in the company, valued at $11,445,850. This represents a 2.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,371 shares of company stock worth $1,294,698 in the last quarter. 0.13% of the stock is currently owned by company insiders.

EOG Resources Price Performance

EOG stock opened at $138.65 on Friday. The firm has a 50 day moving average of $119.64 and a 200-day moving average of $112.97. The firm has a market capitalization of $74.39 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 3.75 and a beta of 0.44. EOG Resources, Inc. has a 12 month low of $101.59 and a 12 month high of $140.92. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last posted its earnings results on Tuesday, February 24th. The energy exploration company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.07. EOG Resources had a net margin of 22.00% and a return on equity of 18.67%. The business had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same quarter in the prior year, the firm posted $2.74 EPS. EOG Resources’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio is presently 44.79%.

Analyst Upgrades and Downgrades

EOG has been the topic of several research reports. Mizuho boosted their price target on shares of EOG Resources from $134.00 to $146.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Wells Fargo & Company raised their price objective on shares of EOG Resources from $127.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. BMO Capital Markets lifted their price objective on shares of EOG Resources from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Barclays boosted their target price on shares of EOG Resources from $133.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Finally, Morgan Stanley set a $128.00 price target on EOG Resources and gave the stock an “equal weight” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, EOG Resources has an average rating of “Hold” and a consensus price target of $138.23.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.