NFJ Investment Group LLC Sells 6,966 Shares of EOG Resources, Inc. $EOG

NFJ Investment Group LLC lessened its position in EOG Resources, Inc. (NYSE:EOG) by 3.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 169,819 shares of the energy exploration company’s stock after selling 6,966 shares during the period. NFJ Investment Group LLC’s holdings in EOG Resources were worth $17,833,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Capital World Investors grew its holdings in EOG Resources by 1.4% in the 3rd quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock worth $6,156,495,000 after acquiring an additional 782,426 shares during the last quarter. Vanguard Group Inc. grew its holdings in EOG Resources by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 53,815,556 shares of the energy exploration company’s stock worth $5,651,172,000 after acquiring an additional 446,341 shares during the last quarter. State Street Corp lifted its position in shares of EOG Resources by 0.3% in the 4th quarter. State Street Corp now owns 30,562,470 shares of the energy exploration company’s stock worth $3,209,365,000 after purchasing an additional 100,080 shares during the period. Capital Research Global Investors boosted its stake in shares of EOG Resources by 0.5% during the 3rd quarter. Capital Research Global Investors now owns 24,926,659 shares of the energy exploration company’s stock valued at $2,794,784,000 after purchasing an additional 122,486 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of EOG Resources by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,988,840 shares of the energy exploration company’s stock valued at $2,099,028,000 after purchasing an additional 371,548 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Transactions at EOG Resources

In related news, CFO Ann D. Janssen sold 4,161 shares of EOG Resources stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $140.04, for a total transaction of $582,706.44. Following the completion of the transaction, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This trade represents a 3.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of EOG Resources stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total transaction of $856,523.36. Following the transaction, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at approximately $13,234,924.40. This trade represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EOG. Wall Street Zen raised shares of EOG Resources from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Susquehanna lifted their target price on shares of EOG Resources from $144.00 to $162.00 and gave the company a “positive” rating in a research note on Tuesday, April 21st. Williams Trading set a $177.00 target price on shares of EOG Resources in a research note on Monday, April 20th. Wolfe Research lifted their target price on shares of EOG Resources from $152.00 to $154.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Finally, Zacks Research lowered shares of EOG Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.32.

EOG Resources Trading Down 0.1%

Shares of EOG opened at $136.42 on Friday. The firm’s 50-day moving average price is $137.04 and its 200-day moving average price is $123.87. The firm has a market capitalization of $72.66 billion, a price-to-earnings ratio of 13.43 and a beta of 0.25. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 1-year low of $101.59 and a 1-year high of $151.87.

EOG Resources (NYSE:EOG) last issued its quarterly earnings results on Tuesday, May 5th. The energy exploration company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same period last year, the company posted $2.87 EPS. EOG Resources’s revenue was up 22.1% on a year-over-year basis. Sell-side analysts anticipate that EOG Resources, Inc. will post 16.63 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, July 17th. EOG Resources’s dividend payout ratio (DPR) is 40.16%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.