Howe & Rusling Inc. Trims Position in EOG Resources, Inc. (NYSE:EOG)

Howe & Rusling Inc. decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 3.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 54,958 shares of the energy exploration company’s stock after selling 2,260 shares during the period. Howe & Rusling Inc.’s holdings in EOG Resources were worth $6,737,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. World Investment Advisors LLC purchased a new position in shares of EOG Resources in the third quarter valued at about $730,000. Mountain Lake Investment Management LLC purchased a new position in EOG Resources in the 4th quarter worth approximately $735,000. Oak Ridge Investments LLC boosted its stake in EOG Resources by 5.9% in the 4th quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after purchasing an additional 2,311 shares during the period. Tobam purchased a new stake in EOG Resources during the 4th quarter valued at approximately $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of EOG Resources by 161.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock valued at $550,000 after buying an additional 2,773 shares during the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on EOG. Williams Trading set a $154.00 target price on shares of EOG Resources in a research report on Wednesday, March 5th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. StockNews.com downgraded EOG Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Mizuho restated a “neutral” rating and set a $140.00 price target (down previously from $148.00) on shares of EOG Resources in a report on Tuesday. Finally, UBS Group decreased their price objective on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Thirteen investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $144.95.

EOG Resources Price Performance

Shares of EOG stock opened at $129.12 on Thursday. The stock has a 50 day moving average price of $128.65 and a 200 day moving average price of $127.61. EOG Resources, Inc. has a 52-week low of $115.78 and a 52-week 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 firm has a market capitalization of $71.52 billion, a P/E ratio of 10.40, a P/E/G ratio of 3.58 and a beta of 1.25.

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

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.02%. 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.