EOG Resources, Inc. (NYSE:EOG) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP reduced its stake in shares of EOG Resources, Inc. (NYSE:EOG) by 47.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,153 shares of the energy exploration company’s stock after selling 5,582 shares during the quarter. Quantbot Technologies LP’s holdings in EOG Resources were worth $754,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of EOG Resources in the 4th quarter worth approximately $25,000. Y.D. More Investments Ltd grew its holdings 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 shares of EOG Resources in the fourth quarter valued at $25,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources during the 4th quarter worth $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of EOG Resources in the 4th quarter worth about $27,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Up 1.4 %

Shares of NYSE EOG opened at $129.12 on Thursday. The stock has a market capitalization of $71.52 billion, a PE ratio of 10.40, a P/E/G ratio of 3.58 and a beta of 1.25. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average of $128.65 and a 200-day moving average of $127.61. EOG Resources, Inc. has a 52-week low of $115.78 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.19. The firm 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%. On average, analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.02%. EOG Resources’s payout ratio is 34.73%.

Insider Activity 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 shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the completion of the sale, the chief operating officer now owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EOG shares. Bank of America restated a “neutral” rating and set a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Williams Trading set a $154.00 price objective on EOG Resources in a research report on Wednesday, March 5th. Citigroup lowered their target price on EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Wells Fargo & Company cut their price target on EOG Resources from $150.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Finally, Royal Bank of Canada raised EOG Resources from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $144.95.

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.