EOG Resources, Inc. (NYSE:EOG) Shares Sold by Wright Investors Service Inc.

Wright Investors Service Inc. lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 4.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,083 shares of the energy exploration company’s stock after selling 523 shares during the period. Wright Investors Service Inc.’s holdings in EOG Resources were worth $1,220,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp raised its position in shares of EOG Resources by 2.8% during the 1st quarter. State Street Corp now owns 36,299,584 shares of the energy exploration company’s stock worth $4,161,014,000 after acquiring an additional 1,005,328 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in EOG Resources by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock worth $1,639,903,000 after buying an additional 145,691 shares during the period. Geode Capital Management LLC increased its position in EOG Resources by 2.3% during the first quarter. Geode Capital Management LLC now owns 11,814,421 shares of the energy exploration company’s stock worth $1,352,283,000 after buying an additional 262,445 shares during the period. Ameriprise Financial Inc. increased its position in EOG Resources by 8.4% during the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock worth $1,462,966,000 after buying an additional 892,951 shares during the period. Finally, Nuveen Asset Management LLC increased its position in EOG Resources by 1.9% during the second quarter. Nuveen Asset Management LLC now owns 10,475,545 shares of the energy exploration company’s stock worth $1,198,821,000 after buying an additional 197,796 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on EOG shares. Bank of America lowered EOG Resources from a “buy” rating to a “neutral” rating and cut their price target for the stock from $147.00 to $140.00 in a research report on Friday, January 5th. Morgan Stanley lifted their price target on EOG Resources from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $145.00 price target on shares of EOG Resources in a research report on Tuesday, April 9th. Citigroup lifted their target price on EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Finally, KeyCorp lowered their target price on EOG Resources from $157.00 to $147.00 and set an “overweight” rating on the stock in a research note on Thursday, January 11th. Thirteen equities research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $140.90.

EOG Resources Price Performance

EOG traded up $0.37 during trading on Thursday, reaching $132.77. 528,016 shares of the stock were exchanged, compared to its average volume of 3,413,517. The business’s 50 day moving average price is $122.63 and its two-hundred day moving average price is $121.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.44 and a quick ratio of 2.13. The company has a market capitalization of $76.37 billion, a price-to-earnings ratio of 10.18 and a beta of 1.40. EOG Resources, Inc. has a 1 year low of $106.32 and a 1 year high of $139.67.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.18 billion. During the same period last year, the firm earned $3.30 earnings per share. The business’s revenue was down 5.4% compared to the same quarter last year. As a group, equities research analysts anticipate that EOG Resources, Inc. will post 12.07 earnings per share for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 16th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.74%. EOG Resources’s dividend payout ratio (DPR) is 27.98%.

About EOG Resources

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.