Kimelman & Baird LLC Acquires Shares of 10,420 EOG Resources, Inc. (NYSE:EOG)

Kimelman & Baird LLC bought a new position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,420 shares of the energy exploration company's stock, valued at approximately $1,312,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors increased its holdings in EOG Resources by 59.2% during the fourth quarter. Capital World Investors now owns 25,420,916 shares of the energy exploration company's stock worth $3,074,660,000 after buying an additional 9,455,621 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of EOG Resources by 26.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,948,119 shares of the energy exploration company's stock valued at $598,475,000 after buying an additional 1,029,727 shares in the last quarter. Capital International Investors increased its stake in EOG Resources by 7.1% during the 1st quarter. Capital International Investors now owns 11,564,463 shares of the energy exploration company's stock valued at $1,478,401,000 after purchasing an additional 766,056 shares in the last quarter. Legal & General Group Plc grew its stake in shares of EOG Resources by 9.1% in the second quarter. Legal & General Group Plc now owns 4,840,705 shares of the energy exploration company's stock worth $609,300,000 after acquiring an additional 403,676 shares during the period. Finally, Capital Research Global Investors boosted its holdings in shares of EOG Resources by 1.3% in the first quarter. Capital Research Global Investors now owns 28,889,715 shares of the energy exploration company's stock worth $3,693,261,000 after buying an additional 373,365 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Michael P. Donaldson sold 11,037 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now owns 74,250 shares of the company's stock, valued at $9,615,375. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was 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 in the company, valued at $7,648,035.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael P. Donaldson sold 11,037 shares of the company's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the completion of the sale, the executive vice president now owns 74,250 shares in the company, valued at $9,615,375. The disclosure for this sale can be found here. Insiders have sold a total of 21,537 shares of company stock valued at $2,751,612 over the last quarter. Company insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EOG. Wolfe Research began coverage on shares of EOG Resources in a report on Thursday, July 18th. They set a "peer perform" rating on the stock. Evercore ISI reduced their price target on shares of EOG Resources from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Monday. Susquehanna cut their price objective on shares of EOG Resources from $159.00 to $158.00 and set a "positive" rating on the stock in a research report on Wednesday, September 4th. Morgan Stanley lowered their price objective on shares of EOG Resources from $134.00 to $132.00 and set an "equal weight" rating for the company in a research note on Monday, September 16th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $147.00 price target on shares of EOG Resources in a research report on Wednesday, July 10th. Fourteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $142.25.

EOG Resources Price Performance

EOG stock traded up $0.50 during midday trading on Monday, reaching $122.94. The stock had a trading volume of 3,566,647 shares, compared to its average volume of 3,231,942. The company's fifty day simple moving average is $124.94 and its 200 day simple moving average is $126.79. The company has a current ratio of 2.12, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. The company has a market cap of $70.65 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 3.27 and a beta of 1.28. EOG Resources, Inc. has a 52-week low of $108.94 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The energy exploration company reported $3.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.98 by $0.18. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $6.07 billion. EOG Resources had a return on equity of 25.42% and a net margin of 30.33%. The company's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $2.49 EPS. As a group, sell-side analysts predict that EOG Resources, Inc. will post 11.91 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, October 17th. EOG Resources's payout ratio is 28.75%.

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.