Harvest Portfolios Group Inc. Increases Position in EOG Resources, Inc. (NYSE:EOG)

Harvest Portfolios Group Inc. lifted its position in EOG Resources, Inc. (NYSE:EOG) by 0.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,437 shares of the energy exploration company’s stock after purchasing an additional 126 shares during the period. Harvest Portfolios Group Inc.’s holdings in EOG Resources were worth $1,540,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EOG. Westside Investment Management Inc. lifted its holdings in EOG Resources by 316.7% during the first quarter. Westside Investment Management Inc. now owns 921 shares of the energy exploration company’s stock worth $106,000 after buying an additional 700 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of EOG Resources by 7.0% during the first quarter. Rockefeller Capital Management L.P. now owns 442,721 shares of the energy exploration company’s stock worth $50,747,000 after purchasing an additional 28,794 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of EOG Resources during the first quarter worth $124,000. Ancora Advisors LLC increased its position in shares of EOG Resources by 3.9% during the first quarter. Ancora Advisors LLC now owns 294,838 shares of the energy exploration company’s stock worth $33,797,000 after purchasing an additional 11,035 shares in the last quarter. Finally, Doheny Asset Management CA increased its position in shares of EOG Resources by 14.0% in the 1st quarter. Doheny Asset Management CA now owns 22,412 shares of the energy exploration company’s stock valued at $2,569,000 after acquiring an additional 2,747 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

EOG Resources Trading Down 0.9 %

NYSE EOG opened at $132.91 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.02 and a current ratio of 2.39. The firm has a market cap of $77.39 billion, a PE ratio of 8.96, a P/E/G ratio of 0.41 and a beta of 1.57. EOG Resources, Inc. has a one year low of $98.52 and a one year high of $150.88. The firm’s fifty day moving average is $127.24 and its two-hundred day moving average is $118.34.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Thursday, August 3rd. The energy exploration company reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.21. EOG Resources had a net margin of 33.58% and a return on equity of 28.52%. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period in the previous year, the business posted $2.74 earnings per share. The business’s revenue was down 24.8% compared to the same quarter last year. Analysts expect that EOG Resources, Inc. will post 11.08 earnings per share for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Tuesday, October 17th will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Monday, October 16th. EOG Resources’s dividend payout ratio is currently 22.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EOG shares. Morgan Stanley upped their price target on shares of EOG Resources from $125.00 to $129.00 and gave the company an “overweight” rating in a report on Friday, August 18th. Mizuho increased their target price on shares of EOG Resources from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Wells Fargo & Company lowered their target price on shares of EOG Resources from $154.00 to $152.00 and set an “overweight” rating on the stock in a research note on Friday, September 1st. The Goldman Sachs Group lowered shares of EOG Resources from a “buy” rating to a “neutral” rating and decreased their price target for the company from $137.00 to $130.00 in a research note on Tuesday, June 13th. Finally, Royal Bank of Canada decreased their price target on shares of EOG Resources from $150.00 to $145.00 in a research note on Wednesday, July 12th. Six equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $148.13.

Insider Buying and Selling

In related news, COO Lloyd W. Helms, Jr. sold 4,551 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $130.76, for a total transaction of $595,088.76. Following the sale, the chief operating officer now owns 145,259 shares of the company’s stock, valued at $18,994,066.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other EOG Resources news, COO Lloyd W. Helms, Jr. sold 4,551 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $130.76, for a total value of $595,088.76. Following the sale, the chief operating officer now owns 145,259 shares of the company’s stock, valued at $18,994,066.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey R. Leitzell sold 2,031 shares of the company’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $117.26, for a total transaction of $238,155.06. Following the completion of the sale, the executive vice president now directly owns 37,607 shares in the company, valued at approximately $4,409,796.82. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

About EOG Resources

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.