Willis Johnson & Associates Inc. Boosts Holdings in EOG Resources, Inc. (NYSE:EOG)

Willis Johnson & Associates Inc. grew its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,450 shares of the energy exploration company’s stock after purchasing an additional 135 shares during the period. Willis Johnson & Associates Inc.’s holdings in EOG Resources were worth $300,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Essex Financial Services Inc. grew its holdings in shares of EOG Resources by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company’s stock worth $753,000 after acquiring an additional 79 shares during the period. Valmark Advisers Inc. grew its stake in EOG Resources by 2.6% in the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company’s stock worth $385,000 after purchasing an additional 79 shares during the period. Deseret Mutual Benefit Administrators raised its holdings in 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 purchasing an additional 80 shares in the last quarter. 1ST Source Bank raised its holdings in EOG Resources by 1.5% in the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company’s stock worth $656,000 after purchasing an additional 80 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. lifted its position in EOG Resources by 2.0% during 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. 89.91% of the stock is owned by institutional investors.

Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $6,098,240.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EOG shares. Scotiabank raised shares of EOG Resources from a “sector perform” rating to a “sector outperform” rating and reduced their target price for the stock from $150.00 to $130.00 in a research report on Friday, April 11th. Citigroup decreased their target price on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. JPMorgan Chase & Co. cut their price target on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Raymond James reiterated a “strong-buy” rating and set a $140.00 price objective on shares of EOG Resources in a research note on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EOG Resources has a consensus rating of “Moderate Buy” and an average price target of $140.63.

EOG Resources Trading Down 1.3%

Shares of NYSE:EOG opened at $113.99 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. EOG Resources, Inc. has a 1 year low of $102.52 and a 1 year high of $138.18. The company has a market cap of $62.21 billion, a P/E ratio of 9.18, a PEG ratio of 3.58 and a beta of 0.78. The stock’s fifty day moving average price is $115.64 and its 200-day moving average price is $124.27.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.82 EPS. Sell-side analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors 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 yield of 3.42%. EOG Resources’s dividend payout ratio (DPR) is 36.18%.

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.