Palouse Capital Management Inc. Has $3.33 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Palouse Capital Management Inc. reduced its position in EOG Resources, Inc. (NYSE:EOG) by 1.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 26,481 shares of the energy exploration company’s stock after selling 524 shares during the period. EOG Resources comprises 2.2% of Palouse Capital Management Inc.’s holdings, making the stock its 18th largest position. Palouse Capital Management Inc.’s holdings in EOG Resources were worth $3,333,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EOG. Wright Investors Service Inc. lifted its position in shares of EOG Resources by 0.8% in the first quarter. Wright Investors Service Inc. now owns 10,163 shares of the energy exploration company’s stock valued at $1,299,000 after buying an additional 80 shares during the last quarter. CVA Family Office LLC boosted its position in EOG Resources by 11.0% during the second quarter. CVA Family Office LLC now owns 820 shares of the energy exploration company’s stock worth $103,000 after purchasing an additional 81 shares during the period. Bailard Inc. boosted its position in EOG Resources by 0.4% during the second quarter. Bailard Inc. now owns 19,899 shares of the energy exploration company’s stock worth $2,505,000 after purchasing an additional 81 shares during the period. Field & Main Bank increased its holdings in shares of EOG Resources by 1.4% in the first quarter. Field & Main Bank now owns 6,163 shares of the energy exploration company’s stock valued at $788,000 after purchasing an additional 83 shares during the last quarter. Finally, PDS Planning Inc lifted its stake in shares of EOG Resources by 4.1% during the 1st quarter. PDS Planning Inc now owns 2,152 shares of the energy exploration company’s stock worth $275,000 after buying an additional 84 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Activity

In other news, Director Charles R. Crisp sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $125.60, for a total value of $816,400.00. Following the completion of the transaction, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the sale, the director now directly owns 60,892 shares of the company’s stock, valued at approximately $7,648,035.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the completion of the transaction, the executive vice president now owns 74,250 shares of the company’s stock, valued at $9,615,375. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,537 shares of company stock valued at $2,751,612. 0.30% of the stock is currently owned by corporate insiders.

EOG Resources Trading Up 1.0 %

Shares of EOG Resources stock opened at $124.38 on Thursday. The firm’s 50 day moving average is $125.76 and its 200 day moving average is $126.42. The firm has a market capitalization of $71.48 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28. EOG Resources, Inc. has a 1 year low of $108.94 and a 1 year high of $139.67. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11.

EOG Resources (NYSE:EOG) last posted its earnings results on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.18. EOG Resources had a net margin of 30.33% and a return on equity of 25.42%. The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $6.07 billion. During the same quarter in the previous year, the firm posted $2.49 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. Equities research analysts forecast that EOG Resources, Inc. will post 12.2 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a $0.91 dividend. The ex-dividend date is Thursday, October 17th. This represents a $3.64 annualized dividend and a yield of 2.93%. EOG Resources’s dividend payout ratio is presently 28.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EOG shares. Bank of America restated a “buy” rating and set a $151.00 price objective on shares of EOG Resources in a report on Friday, June 14th. KeyCorp started coverage on EOG Resources in a report on Thursday, June 27th. They set an “overweight” rating and a $157.00 target price for the company. UBS Group lowered their price target on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating on the stock in a research report on Wednesday. Wolfe Research assumed coverage on shares of EOG Resources in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Susquehanna reduced their price target on EOG Resources from $159.00 to $158.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Fourteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $142.89.

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.