LVM Capital Management Ltd. MI Purchases 100 Shares of EOG Resources, Inc. (NYSE:EOG)

LVM Capital Management Ltd. MI grew its position in shares of EOG Resources, Inc. (NYSE:EOG) by 4.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,125 shares of the energy exploration company’s stock after acquiring an additional 100 shares during the period. LVM Capital Management Ltd. MI’s holdings in EOG Resources were worth $243,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ossiam raised its stake in shares of EOG Resources by 1,206.7% during the fourth quarter. Ossiam now owns 196 shares of the energy exploration company’s stock valued at $25,000 after acquiring an additional 181 shares during the last quarter. Fortis Capital Advisors LLC bought a new position in EOG Resources in the fourth quarter worth about $28,000. Pinnacle Holdings LLC bought a new position in EOG Resources in the first quarter worth about $25,000. Lumature Wealth Partners LLC bought a new position in EOG Resources in the first quarter worth about $28,000. Finally, Kalos Management Inc. bought a new position in EOG Resources in the first quarter worth about $27,000. 89.21% of the stock is owned by institutional investors.

EOG Resources Stock Performance

EOG stock traded down $0.44 on Friday, hitting $134.22. The company had a trading volume of 985,388 shares, compared to its average volume of 3,357,205. The company has a current ratio of 2.39, a quick ratio of 2.02 and a debt-to-equity ratio of 0.14. EOG Resources, Inc. has a 12-month low of $98.52 and a 12-month high of $150.88. The stock has a market cap of $78.15 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 0.42 and a beta of 1.57. The stock’s 50-day simple moving average is $127.62 and its 200 day simple moving average is $118.44.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Thursday, August 3rd. The energy exploration company reported $2.49 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $4.74 billion. During the same period last year, the firm earned $2.74 earnings per share. The company’s quarterly revenue was down 24.8% on a year-over-year basis. As a group, equities research analysts expect that EOG Resources, Inc. will post 11.08 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders 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 annualized dividend and a dividend yield of 2.46%. EOG Resources’s payout ratio is 22.24%.

Wall Street Analysts Forecast Growth

EOG has been the subject of a number of research reports. Mizuho increased their price target 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. Jefferies Financial Group increased their price target on shares of EOG Resources from $141.00 to $147.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. Evercore ISI decreased their target price on shares of EOG Resources from $115.00 to $113.00 in a research note on Monday, July 10th. Wells Fargo & Company decreased their target price on shares of EOG Resources from $154.00 to $152.00 and set an “overweight” rating for the company in a research note on Friday, September 1st. Finally, Stifel Nicolaus raised their target price on shares of EOG Resources from $143.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Six research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.13.

Insider Activity

In other news, EVP Jeffrey R. Leitzell sold 2,031 shares of the firm’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $117.26, for a total transaction of $238,155.06. Following the sale, the executive vice president now directly owns 37,607 shares in the company, valued at approximately $4,409,796.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other EOG Resources news, COO Lloyd W. Helms, Jr. sold 4,551 shares of EOG Resources stock in a transaction on 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 directly owns 145,259 shares in the company, valued at approximately $18,994,066.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jeffrey R. Leitzell sold 2,031 shares of EOG Resources stock in a transaction on 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 owns 37,607 shares in the company, valued at $4,409,796.82. 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.