EOG Resources, Inc. (NYSE:EOG) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 0.3% during the 4th quarter, Holdings Channel reports. The firm owned 53,632,959 shares of the energy exploration company’s stock after selling 139,608 shares during the period. Vanguard Group Inc. owned approximately 0.10% of EOG Resources worth $6,574,328,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Financial Life Planners purchased a new stake in shares of EOG Resources during the fourth quarter worth approximately $25,000. Y.D. More Investments Ltd increased its stake in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock valued at $25,000 after purchasing an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in EOG Resources in the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources during the fourth quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EOG shares. Morgan Stanley lowered their target price on shares of EOG Resources from $143.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. StockNews.com lowered shares of EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Wells Fargo & Company lowered their target price on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Finally, Williams Trading set a $154.00 target price on shares of EOG Resources in a research report on Wednesday, March 5th. Twelve analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.33.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

EOG Resources Price Performance

EOG Resources stock opened at $124.91 on Monday. EOG Resources, Inc. has a one year low of $115.78 and a one year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The business has a fifty day moving average of $129.11 and a two-hundred day moving average of $127.51. The company has a market cap of $69.19 billion, a P/E ratio of 10.06, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. As a group, analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s dividend payout ratio is currently 34.73%.

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.