Willis Johnson & Associates Inc. Sells 111 Shares of EOG Resources, Inc. (NYSE:EOG)

Willis Johnson & Associates Inc. lessened its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 4.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,155 shares of the energy exploration company’s stock after selling 111 shares during the period. Willis Johnson & Associates Inc.’s holdings in EOG Resources were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fragasso Group Inc. increased its stake in EOG Resources by 2.2% in the fourth quarter. Fragasso Group Inc. now owns 3,912 shares of the energy exploration company’s stock valued at $473,000 after purchasing an additional 86 shares in the last quarter. Moody National Bank Trust Division increased its stake in EOG Resources by 1.0% in the first quarter. Moody National Bank Trust Division now owns 8,420 shares of the energy exploration company’s stock valued at $1,076,000 after purchasing an additional 87 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in EOG Resources by 26.9% in the fourth quarter. FinTrust Capital Advisors LLC now owns 420 shares of the energy exploration company’s stock valued at $51,000 after purchasing an additional 89 shares in the last quarter. First United Bank & Trust increased its stake in EOG Resources by 1.8% in the fourth quarter. First United Bank & Trust now owns 5,160 shares of the energy exploration company’s stock valued at $624,000 after purchasing an additional 91 shares in the last quarter. Finally, Empirical Asset Management LLC increased its stake in EOG Resources by 2.2% in the fourth quarter. Empirical Asset Management LLC now owns 4,630 shares of the energy exploration company’s stock valued at $560,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. StockNews.com raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Mizuho lifted their price target on shares of EOG Resources from $140.00 to $156.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Stifel Nicolaus decreased their target price on shares of EOG Resources from $153.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Bank of America reissued a “buy” rating and set a $151.00 target price on shares of EOG Resources in a research report on Friday, June 14th. Finally, Morgan Stanley boosted their target price on shares of EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Thirteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $143.19.

EOG Resources Stock Up 0.1 %

EOG stock traded up $0.12 during trading on Thursday, reaching $126.77. The stock had a trading volume of 1,814,117 shares, compared to its average volume of 2,633,219. EOG Resources, Inc. has a one year low of $108.94 and a one year high of $139.67. 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 company’s 50 day moving average is $125.79 and its two-hundred day moving average is $122.56. The company has a market capitalization of $72.86 billion, a price-to-earnings ratio of 10.01, a P/E/G ratio of 1.75 and a beta of 1.30.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Thursday, May 2nd. The energy exploration company reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.12. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.69 EPS. Equities research analysts forecast that EOG Resources, Inc. will post 12.06 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s payout ratio is 28.75%.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares in the company, valued at $14,206,821.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other EOG Resources news, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the transaction, the executive vice president now directly owns 109,040 shares in the company, valued at $14,206,821.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Lloyd W. Helms, Jr. sold 1,296 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $130.27, for a total transaction of $168,829.92. Following the sale, the president now owns 161,109 shares in the company, valued at $20,987,669.43. The disclosure for this sale can be found here. Insiders have sold a total of 16,512 shares of company stock worth $2,144,972 over the last three months. 0.20% of the stock is currently 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.