Hartford Investment Management Co. Has $4.40 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Hartford Investment Management Co. cut its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,292 shares of the energy exploration company’s stock after selling 457 shares during the period. Hartford Investment Management Co.’s holdings in EOG Resources were worth $4,398,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Jefferies Financial Group Inc. bought a new position in shares of EOG Resources in the first quarter worth about $6,462,000. Bank of Jackson Hole Trust increased its stake in shares of EOG Resources by 1.6% in the first quarter. Bank of Jackson Hole Trust now owns 6,234 shares of the energy exploration company’s stock worth $791,000 after purchasing an additional 100 shares during the period. Alberta Investment Management Corp increased its stake in shares of EOG Resources by 10.8% in the first quarter. Alberta Investment Management Corp now owns 20,600 shares of the energy exploration company’s stock worth $2,642,000 after purchasing an additional 2,000 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of EOG Resources in the first quarter worth about $1,466,000. Finally, Cordatus Wealth Management LLC increased its stake in shares of EOG Resources by 3.3% in the first quarter. Cordatus Wealth Management LLC now owns 5,891 shares of the energy exploration company’s stock worth $755,000 after purchasing an additional 188 shares during the period. 89.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating and issued a $140.00 price objective (up from $135.00) on shares of EOG Resources in a research note on Tuesday, June 3rd. Jefferies Financial Group reiterated a “buy” rating and issued a $148.00 price objective (up from $144.00) on shares of EOG Resources in a research note on Friday, June 13th. Raymond James Financial boosted their price target on EOG Resources from $158.00 to $161.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 22nd. Susquehanna boosted their price target on EOG Resources from $156.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Finally, Stephens started coverage on EOG Resources in a research note on Tuesday, June 17th. They set an “equal weight” rating and a $137.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $140.62.

EOG Resources Trading Down 2.8%

EOG stock opened at $116.64 on Friday. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The firm has a market cap of $63.66 billion, a P/E ratio of 10.82, a P/E/G ratio of 9.22 and a beta of 0.80. The business’s 50 day moving average is $118.96 and its 200-day moving average is $120.65. The company has a current ratio of 1.87, a quick ratio of 1.71 and a debt-to-equity ratio of 0.12.

EOG Resources (NYSE:EOG) last announced its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, topping the consensus estimate of $2.75 by $0.12. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a return on equity of 22.35% and a net margin of 26.14%. EOG Resources’s revenue was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.82 EPS. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, October 17th. This is an increase from EOG Resources’s previous quarterly dividend of $0.98. EOG Resources’s dividend payout ratio (DPR) is presently 36.18%.

Insider Activity at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 3,951 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $119.65, for a total value of $472,737.15. Following the transaction, the chief operating officer directly owned 45,739 shares of the company’s stock, valued at $5,472,671.35. The trade was a 7.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by insiders.

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.