Johnson Investment Counsel Inc. Has $680,000 Stake in EOG Resources, Inc. (NYSE:EOG)

Johnson Investment Counsel Inc. trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 40.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,940 shares of the energy exploration company’s stock after selling 4,030 shares during the period. Johnson Investment Counsel Inc.’s holdings in EOG Resources were worth $680,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its position in shares of EOG Resources by 6.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 186,635 shares of the energy exploration company’s stock valued at $21,359,000 after buying an additional 10,969 shares in the last quarter. Prospera Financial Services Inc increased its stake in EOG Resources by 196.9% in the second quarter. Prospera Financial Services Inc now owns 7,593 shares of the energy exploration company’s stock valued at $870,000 after acquiring an additional 5,036 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in EOG Resources by 18.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 65,998 shares of the energy exploration company’s stock valued at $7,565,000 after acquiring an additional 10,154 shares during the last quarter. Procyon Advisors LLC increased its stake in EOG Resources by 41.9% in the second quarter. Procyon Advisors LLC now owns 4,659 shares of the energy exploration company’s stock valued at $533,000 after acquiring an additional 1,376 shares during the last quarter. Finally, Continuum Advisory LLC increased its stake in EOG Resources by 6.6% in the first quarter. Continuum Advisory LLC now owns 7,112 shares of the energy exploration company’s stock valued at $815,000 after acquiring an additional 438 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EOG. TD Securities lifted their price objective on shares of EOG Resources from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, August 4th. Jefferies Financial Group lifted their price objective on shares of EOG Resources from $141.00 to $147.00 and gave the company a “buy” rating in a research note on Monday, August 28th. Susquehanna decreased their price objective on shares of EOG Resources from $165.00 to $164.00 and set a “positive” rating on the stock in a research note on Wednesday, October 18th. StockNews.com started coverage on shares of EOG Resources in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Citigroup cut shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $144.00 to $135.00 in a research note on Monday, October 23rd. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $147.77.

EOG Resources Price Performance

EOG stock opened at $125.23 on Tuesday. The firm has a market cap of $73.03 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.36 and a beta of 1.51. The company has a quick ratio of 2.10, a current ratio of 2.43 and a debt-to-equity ratio of 0.14. EOG Resources, Inc. has a 12-month low of $98.52 and a 12-month high of $144.91. The company’s fifty day simple moving average is $127.24 and its 200 day simple moving average is $122.54.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 17th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, January 16th. This represents a $3.64 annualized dividend and a dividend yield of 2.91%. This is a positive change from EOG Resources’s previous quarterly dividend of $0.83. EOG Resources’s dividend payout ratio is currently 24.52%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; and the Republic of Trinidad and Tobago. The company was formerly known as Enron Oil & Gas Company.