Fragasso Group Inc. Acquires 151 Shares of EOG Resources, Inc. (NYSE:EOG)

Fragasso Group Inc. increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,819 shares of the energy exploration company’s stock after purchasing an additional 151 shares during the quarter. Fragasso Group Inc.’s holdings in EOG Resources were worth $437,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in EOG. CENTRAL TRUST Co grew its stake in shares of EOG Resources by 0.8% in the 3rd quarter. CENTRAL TRUST Co now owns 9,118 shares of the energy exploration company’s stock valued at $1,019,000 after buying an additional 74 shares during the period. Bollard Group LLC boosted its stake in EOG Resources by 0.7% during the 4th quarter. Bollard Group LLC now owns 10,569 shares of the energy exploration company’s stock valued at $1,369,000 after purchasing an additional 77 shares during the last quarter. White Pine Capital LLC boosted its stake in EOG Resources by 2.2% during the 4th quarter. White Pine Capital LLC now owns 3,942 shares of the energy exploration company’s stock valued at $511,000 after purchasing an additional 85 shares during the last quarter. Chelsea Counsel Co. boosted its stake in EOG Resources by 1.4% during the 4th quarter. Chelsea Counsel Co. now owns 6,360 shares of the energy exploration company’s stock valued at $824,000 after purchasing an additional 85 shares during the last quarter. Finally, Ausdal Financial Partners Inc. boosted its stake in EOG Resources by 4.2% during the 1st quarter. Ausdal Financial Partners Inc. now owns 2,262 shares of the energy exploration company’s stock valued at $259,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on EOG shares. Evercore ISI dropped their target price on shares of EOG Resources from $115.00 to $113.00 in a research report on Monday, July 10th. Tudor, Pickering, Holt & Co. cut shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. TD Securities lifted their target price on shares of EOG Resources from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, August 4th. Royal Bank of Canada dropped their target price on shares of EOG Resources from $150.00 to $145.00 in a research report on Wednesday, July 12th. Finally, Morgan Stanley lifted their target price on shares of EOG Resources from $125.00 to $129.00 and gave the stock an “overweight” rating in a research report on Friday, August 18th. Six research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and an average target price of $148.13.

EOG Resources Stock Performance

NYSE EOG opened at $132.18 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.39 and a debt-to-equity ratio of 0.14. The company has a 50-day simple moving average of $128.06 and a two-hundred day simple moving average of $118.55. The firm has a market cap of $76.96 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.42 and a beta of 1.57. EOG Resources, Inc. has a 12-month low of $98.52 and a 12-month high of $150.88.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, August 3rd. The energy exploration company reported $2.49 earnings per share (EPS) for the quarter, beating 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 in the previous year, the business earned $2.74 EPS. EOG Resources’s revenue was down 24.8% compared to the same quarter last year. On average, equities analysts forecast that EOG Resources, Inc. will post 11.08 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 17th will be issued 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 dividend yield of 2.50%. EOG Resources’s dividend payout ratio (DPR) is 22.24%.

Insider Buying and Selling

In related news, COO Lloyd W. Helms, Jr. sold 4,551 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was 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 in the company, valued at approximately $18,994,066.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, COO Lloyd W. Helms, Jr. sold 4,551 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was 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 in the company, valued at approximately $18,994,066.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey R. Leitzell sold 2,031 shares of the company’s stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $117.26, for a total value of $238,155.06. Following the completion of the transaction, the executive vice president now directly owns 37,607 shares in the company, valued at $4,409,796.82. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

EOG Resources Company Profile

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.