Chatham Capital Group Inc. Invests $863,000 in EOG Resources, Inc. (NYSE:EOG)

Chatham Capital Group Inc. acquired a new stake in EOG Resources, Inc. (NYSE:EOG) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,749 shares of the energy exploration company’s stock, valued at approximately $863,000.

Other hedge funds have also modified their holdings of the company. MUFG Securities EMEA plc acquired a new stake in shares of EOG Resources during the fourth quarter worth about $5,443,000. TIAA Trust National Association lifted its position in shares of EOG Resources by 639.3% during the 4th quarter. TIAA Trust National Association now owns 57,636 shares of the energy exploration company’s stock valued at $6,971,000 after acquiring an additional 49,840 shares during the period. Dai ichi Life Insurance Company Ltd raised its position in shares of EOG Resources by 15.3% during the 4th quarter. Dai ichi Life Insurance Company Ltd now owns 46,468 shares of the energy exploration company’s stock worth $5,620,000 after purchasing an additional 6,154 shares during the last quarter. L. Roy Papp & Associates LLP raised its holdings in EOG Resources by 18.3% in the 4th quarter. L. Roy Papp & Associates LLP now owns 168,354 shares of the energy exploration company’s stock valued at $20,362,000 after acquiring an additional 26,026 shares during the last quarter. Finally, AIA Group Ltd raised its holdings in EOG Resources by 128.0% in the 4th quarter. AIA Group Ltd now owns 10,203 shares of the energy exploration company’s stock valued at $1,234,000 after acquiring an additional 5,728 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $130.27, for a total value of $168,829.92. Following the transaction, the president now owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other EOG Resources news, President Lloyd W. Helms, Jr. sold 1,296 shares of EOG Resources stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $130.27, for a total transaction of $168,829.92. Following the transaction, the president now owns 161,109 shares of the company’s stock, valued at approximately $20,987,669.43. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 2,685 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $130.29, for a total value of $349,828.65. Following the completion of the sale, the executive vice president now directly owns 109,040 shares of the company’s stock, valued at approximately $14,206,821.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,512 shares of company stock valued at $2,144,972. 0.20% of the stock is owned by corporate insiders.

EOG Resources Stock Up 1.1 %

EOG stock opened at $125.87 on Monday. The company has a market capitalization of $72.34 billion, a P/E ratio of 9.94, a PEG ratio of 1.75 and a beta of 1.30. The firm has a 50 day simple moving average of $126.28 and a 200-day simple moving average of $122.44. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a twelve month low of $108.94 and a twelve month high of $139.67.

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

EOG Resources Dividend Announcement

The firm also recently declared 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. This represents a $3.64 annualized dividend and a yield of 2.89%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio (DPR) is presently 28.75%.

Analysts Set New Price Targets

EOG has been the subject of several research reports. Susquehanna boosted their price objective on shares of EOG Resources from $147.00 to $155.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $145.00 price objective on shares of EOG Resources in a research note on Tuesday, April 9th. Benchmark reiterated a “hold” rating on shares of EOG Resources in a report on Tuesday, May 7th. JPMorgan Chase & Co. boosted their price objective on EOG Resources from $134.00 to $141.00 and gave the stock a “neutral” rating in a research note on Thursday, March 28th. Finally, Scotiabank lowered EOG Resources from a “sector outperform” rating to a “sector perform” rating and increased their target price for the company from $135.00 to $155.00 in a research note on Thursday, April 11th. Thirteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $143.19.

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.