Unigestion Holding SA Sells 27,479 Shares of EOG Resources, Inc. (NYSE:EOG)

Unigestion Holding SA lessened its position in shares of EOG Resources, Inc. (NYSE:EOG) by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,383 shares of the energy exploration company’s stock after selling 27,479 shares during the quarter. Unigestion Holding SA’s holdings in EOG Resources were worth $21,621,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Financial Life Planners bought a new stake in EOG Resources in the fourth quarter worth $25,000. Y.D. More Investments Ltd grew its stake in shares of EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources in the 4th quarter worth $25,000. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources in the 4th quarter worth about $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in shares of EOG Resources during the 4th quarter valued at about $27,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price objective on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Mizuho reissued a “neutral” rating and set a $140.00 target price (down previously from $148.00) on shares of EOG Resources in a research report on Tuesday, March 25th. Barclays lowered their price target on EOG Resources from $146.00 to $144.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th. Bank of America reiterated a “neutral” rating and set a $144.00 price objective (down previously from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Williams Trading set a $154.00 target price on shares of EOG Resources in a report on Wednesday, March 5th. Thirteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $144.67.

Insider Buying and Selling at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

EOG Resources Stock Performance

EOG opened at $110.39 on Friday. The company has a market cap of $60.88 billion, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. 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’s 50-day moving average price is $127.14 and its 200-day moving average price is $127.83. EOG Resources, Inc. has a 52-week low of $109.20 and a 52-week high of $139.67.

EOG Resources (NYSE:EOG) last issued 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. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. As a group, equities analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.53%. 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.