RHS Financial LLC Takes Position in EOG Resources, Inc. (NYSE:EOG)

RHS Financial LLC acquired a new stake in shares of EOG Resources, Inc. (NYSE:EOG) in the first quarter, Holdings Channel reports. The firm acquired 3,525 shares of the energy exploration company’s stock, valued at approximately $452,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mainstream Capital Management LLC bought a new position in shares of EOG Resources in the fourth quarter worth about $25,000. Lee Danner & Bass Inc. bought a new position in shares of EOG Resources in the fourth quarter worth about $28,000. Heritage Wealth Advisors grew its holdings in shares of EOG Resources by 562.2% in the fourth quarter. Heritage Wealth Advisors now owns 245 shares of the energy exploration company’s stock worth $30,000 after purchasing an additional 208 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of EOG Resources in the fourth quarter worth about $32,000. Finally, Ameriflex Group Inc. bought a new position in EOG Resources during the 4th quarter worth about $36,000. Institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

NYSE EOG opened at $125.52 on Friday. The company has a 50 day simple moving average of $111.99 and a 200-day simple moving average of $121.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The firm has a market capitalization of $68.50 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, May 1st. The energy exploration company reported $2.87 EPS for the quarter, beating the consensus estimate 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 quarter last year, the company posted $2.82 earnings per share. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. Equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be given a $1.02 dividend. This is a boost from EOG Resources’s previous quarterly dividend of $0.98. This represents a $4.08 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Friday, October 17th. EOG Resources’s dividend payout ratio (DPR) is 36.18%.

Analyst Ratings Changes

Several research firms have commented on EOG. JPMorgan Chase & Co. decreased their price target on shares of EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. KeyCorp decreased their price objective on shares of 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 boosted their target price on shares of EOG Resources from $137.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, June 2nd. Bank of America cut their price target on shares of EOG Resources from $125.00 to $124.00 and set a “neutral” rating for the company in a report on Friday, May 23rd. Finally, Wells Fargo & Company reduced their target price on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Eleven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources has a consensus rating of “Moderate Buy” and an average price target of $140.00.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources 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 completion of the sale, the chief operating officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

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.