EOG Resources, Inc. $EOG Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 96.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,750 shares of the energy exploration company’s stock after selling 48,638 shares during the period. Jefferies Financial Group Inc.’s holdings in EOG Resources were worth $209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise purchased a new stake in shares of EOG Resources during the first quarter worth about $26,000. Saudi Central Bank purchased a new stake in EOG Resources during the 1st quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd increased its stake in EOG Resources by 10,950.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 221 shares of the energy exploration company’s stock valued at $26,000 after purchasing an additional 219 shares in the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of EOG Resources in the second quarter worth $29,000. Finally, WPG Advisers LLC acquired a new stake in shares of EOG Resources during the first quarter worth $36,000. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Up 1.3%

Shares of EOG opened at $107.58 on Friday. The stock’s 50-day moving average price is $108.74 and its 200-day moving average price is $115.18. The company has a quick ratio of 1.61, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $58.37 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 8.20 and a beta of 0.72. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

EOG Resources (NYSE:EOG) last announced its quarterly earnings results on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.48 billion. EOG Resources had a return on equity of 20.51% and a net margin of 25.25%.EOG Resources’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.89 earnings per share. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a yield of 3.8%. EOG Resources’s dividend payout ratio is 40.64%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EOG shares. BMO Capital Markets dropped their price objective on shares of EOG Resources from $134.00 to $130.00 in a report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of EOG Resources in a research note on Wednesday, October 8th. The Goldman Sachs Group reduced their price objective on EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, October 15th. Mizuho decreased their target price on EOG Resources from $140.00 to $133.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Finally, Royal Bank Of Canada increased their price target on shares of EOG Resources from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $140.33.

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.