Criterion Capital Advisors LLC Buys 3,421 Shares of EOG Resources, Inc. (NYSE:EOG)

Criterion Capital Advisors LLC boosted its position in shares of EOG Resources, Inc. (NYSE:EOG) by 31.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,443 shares of the energy exploration company’s stock after buying an additional 3,421 shares during the quarter. EOG Resources makes up approximately 1.2% of Criterion Capital Advisors LLC’s holdings, making the stock its 23rd largest holding. Criterion Capital Advisors LLC’s holdings in EOG Resources were worth $1,846,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors lifted its stake in shares of EOG Resources by 59.2% in the 4th quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company’s stock valued at $3,074,660,000 after purchasing an additional 9,455,621 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of EOG Resources by 26.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company’s stock valued at $598,475,000 after buying an additional 1,029,727 shares during the period. Ameriprise Financial Inc. increased its holdings in EOG Resources by 8.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after purchasing an additional 892,951 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of EOG Resources by 12.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,065,042 shares of the energy exploration company’s stock valued at $370,717,000 after purchasing an additional 340,902 shares during the period. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of EOG Resources by 54.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 944,212 shares of the energy exploration company’s stock valued at $114,202,000 after purchasing an additional 333,901 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. KeyCorp assumed coverage on EOG Resources in a research report on Thursday. They set an “overweight” rating and a $157.00 price target for the company. Stifel Nicolaus reduced their price objective on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Bank of America reissued a “buy” rating and set a $151.00 price target on shares of EOG Resources in a research report on Friday, June 14th. Scotiabank cut EOG Resources from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the stock from $135.00 to $155.00 in a research note on Thursday, April 11th. Finally, Citigroup raised their target price on shares of EOG Resources from $124.00 to $130.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $143.19.

EOG Resources Stock Performance

Shares of NYSE:EOG traded up $1.32 during midday trading on Friday, reaching $125.87. 4,029,396 shares of the company traded hands, compared to its average volume of 2,784,269. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The firm’s fifty day moving average price is $126.28 and its two-hundred day moving average price is $122.38. The company has a quick ratio of 2.05, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $72.34 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 1.73 and a beta of 1.32.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $5.91 billion. EOG Resources had a return on equity of 24.83% and a net margin of 30.33%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.69 EPS. On average, equities analysts expect that EOG Resources, Inc. will post 11.99 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be given a $0.91 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $3.64 annualized dividend and a yield of 2.89%. EOG Resources’s payout ratio is currently 28.75%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 7,802 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the completion of the sale, the chief operating officer now directly owns 39,054 shares in the company, valued at approximately $5,079,753.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Ezra Y. Yacob sold 4,729 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $129.31, for a total value of $611,506.99. Following the completion of the sale, the chief executive officer now owns 150,474 shares of the company’s stock, valued at $19,457,792.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey R. Leitzell sold 7,802 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $130.07, for a total transaction of $1,014,806.14. Following the transaction, the chief operating officer now directly owns 39,054 shares in the company, valued at $5,079,753.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,512 shares of company stock valued at $2,144,972. 0.30% of the stock is currently owned by company insiders.

EOG Resources 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.