Legal & General Group Plc Lowers Stock Position in EOG Resources, Inc. (NYSE:EOG)

Legal & General Group Plc trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 33.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,115,006 shares of the energy exploration company’s stock after selling 1,548,892 shares during the quarter. Legal & General Group Plc’s holdings in EOG Resources were worth $381,837,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of EOG. World Investment Advisors LLC purchased a new position in shares of EOG Resources in the 3rd quarter valued at $730,000. Mountain Lake Investment Management LLC purchased a new position in EOG Resources in the fourth quarter valued at about $735,000. Oak Ridge Investments LLC raised its holdings in EOG Resources by 5.9% in the fourth 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 in the last quarter. Tobam purchased a new stake in shares of EOG Resources during the fourth quarter valued at about $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of EOG Resources by 161.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock worth $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 related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business’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 transaction of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG stock opened at $108.54 on Tuesday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a 12-month low of $105.27 and a 12-month high of $139.67. The business’s 50 day moving average is $126.67 and its two-hundred day moving average is $127.74. The company has a market capitalization of $59.86 billion, a P/E ratio of 8.74, a P/E/G ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG) last announced its 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 for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. Analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid 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 dividend yield of 3.59%. EOG Resources’s dividend payout ratio is currently 34.73%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Bank of America reissued 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. Morgan Stanley decreased their price objective on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Wells Fargo & Company reduced their target price on EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Raymond James raised their price target on EOG Resources from $167.00 to $175.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Barclays dropped their price objective on shares of EOG Resources from $146.00 to $144.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. Thirteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $144.67.

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.