Financial Counselors Inc. Trims Position in EOG Resources, Inc. (NYSE:EOG)

Financial Counselors Inc. reduced its holdings in EOG Resources, Inc. (NYSE:EOG) by 70.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,902 shares of the energy exploration company’s stock after selling 7,011 shares during the period. Financial Counselors Inc.’s holdings in EOG Resources were worth $356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Financial Life Planners purchased a new stake in EOG Resources in the fourth quarter valued at $25,000. Y.D. More Investments Ltd lifted its holdings 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 valued at $25,000 after buying an additional 121 shares during the period. Mainstream Capital Management LLC purchased a new stake in shares of EOG Resources in the fourth quarter worth about $25,000. Decker Retirement Planning Inc. acquired a new stake in EOG Resources during the fourth quarter worth about $27,000. Finally, Keystone Financial Group Inc. purchased a new position in EOG Resources during the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Stock Performance

NYSE EOG opened at $126.55 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The stock’s fifty day moving average is $128.23 and its two-hundred day moving average is $127.65. The firm has a market capitalization of $70.10 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a fifty-two week low of $115.78 and a fifty-two week high of $139.67.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data 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 firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. On average, research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Wednesday, April 16th. EOG Resources’s payout ratio is presently 34.73%.

Analyst Ratings Changes

EOG has been the subject of several analyst reports. Bank of America reiterated a “neutral” rating and issued a $144.00 target price (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Mizuho reissued a “neutral” rating and set a $140.00 target price (down from $148.00) on shares of EOG Resources in a research note on Tuesday. UBS Group cut their price target on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. StockNews.com lowered EOG Resources from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Williams Trading set a $154.00 target price on EOG Resources in a research note on Wednesday, March 5th. Thirteen investment 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 company. According to MarketBeat.com, EOG Resources currently has a consensus rating of “Hold” and a consensus price target of $144.67.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by insiders.

EOG Resources 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.