Fulcrum Equity Management Has $443,000 Position in EOG Resources, Inc. (NYSE:EOG)

Fulcrum Equity Management raised its stake in EOG Resources, Inc. (NYSE:EOG) by 63.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,873 shares of the energy exploration company’s stock after acquiring an additional 1,508 shares during the period. Fulcrum Equity Management’s holdings in EOG Resources were worth $443,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. CENTRAL TRUST Co raised its stake in shares of EOG Resources by 0.8% in the third quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company’s stock worth $1,019,000 after purchasing an additional 74 shares during the last quarter. Bollard Group LLC raised its stake in shares of EOG Resources by 0.7% in the fourth quarter. Bollard Group LLC now owns 10,569 shares of the energy exploration company’s stock worth $1,369,000 after purchasing an additional 77 shares during the last quarter. White Pine Capital LLC raised its stake in shares of EOG Resources by 2.2% in the fourth quarter. White Pine Capital LLC now owns 3,942 shares of the energy exploration company’s stock worth $511,000 after purchasing an additional 85 shares during the last quarter. Chelsea Counsel Co. raised its stake in shares of EOG Resources by 1.4% in the fourth quarter. Chelsea Counsel Co. now owns 6,360 shares of the energy exploration company’s stock worth $824,000 after purchasing an additional 85 shares during the last quarter. Finally, Ausdal Financial Partners Inc. raised its stake in shares of EOG Resources by 4.2% in the first quarter. Ausdal Financial Partners Inc. now owns 2,262 shares of the energy exploration company’s stock worth $259,000 after purchasing an additional 91 shares during the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

EOG Resources Trading Down 0.6 %

NYSE:EOG opened at $133.82 on Friday. The company has a market cap of $77.92 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.42 and a beta of 1.57. The stock’s fifty day moving average price is $127.62 and its two-hundred day moving average price is $118.44. EOG Resources, Inc. has a 1 year low of $98.52 and a 1 year high of $150.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.39 and a quick ratio of 2.02.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data 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 return on equity of 28.52% and a net margin of 33.58%. The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter last year, the business posted $2.74 earnings per share. The firm’s revenue was down 24.8% compared to the same quarter last year. As a group, analysts expect that EOG Resources, Inc. will post 11.08 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be given a dividend of $0.825 per share. The ex-dividend date is Monday, October 16th. This represents a $3.30 dividend on an annualized basis and a yield of 2.47%. EOG Resources’s payout ratio is 22.24%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EOG. Mizuho upped their target price on EOG Resources from $146.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 16th. Royal Bank of Canada reduced their target price on EOG Resources from $150.00 to $145.00 in a report on Wednesday, July 12th. The Goldman Sachs Group lowered EOG Resources from a “buy” rating to a “neutral” rating and reduced their target price for the company from $137.00 to $130.00 in a report on Tuesday, June 13th. Raymond James reduced their target price on EOG Resources from $150.00 to $140.00 and set a “strong-buy” rating for the company in a report on Monday, July 24th. Finally, Jefferies Financial Group upped their target price on EOG Resources from $141.00 to $147.00 and gave the company a “buy” rating in a report on Monday, August 28th. Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, EOG Resources currently has a consensus rating of “Moderate Buy” and an average target price of $148.13.

Insider Activity

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

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.