Groupama Asset Managment Cuts Stake in EOG Resources, Inc. $EOG

Groupama Asset Managment lessened its stake in EOG Resources, Inc. (NYSE:EOG) by 20.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 29,130 shares of the energy exploration company’s stock after selling 7,356 shares during the quarter. Groupama Asset Managment’s holdings in EOG Resources were worth $3,059,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EOG. Franklin Resources Inc. increased its stake in EOG Resources by 24.2% during the 4th quarter. Franklin Resources Inc. now owns 6,443,453 shares of the energy exploration company’s stock valued at $676,627,000 after purchasing an additional 1,257,110 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of EOG Resources by 70.5% in the fourth quarter. First Trust Advisors LP now owns 2,977,912 shares of the energy exploration company’s stock worth $312,711,000 after buying an additional 1,231,366 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of EOG Resources by 474.7% in the fourth quarter. Marshall Wace LLP now owns 1,318,254 shares of the energy exploration company’s stock worth $138,430,000 after buying an additional 1,088,867 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of EOG Resources by 23.9% during the fourth quarter. Bank of New York Mellon Corp now owns 4,669,969 shares of the energy exploration company’s stock valued at $490,394,000 after buying an additional 901,897 shares during the last quarter. Finally, Capital World Investors grew its holdings in shares of EOG Resources by 1.4% during the third quarter. Capital World Investors now owns 54,907,949 shares of the energy exploration company’s stock valued at $6,156,495,000 after buying an additional 782,426 shares during the last quarter. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

EOG opened at $130.05 on Friday. The company’s 50 day moving average is $136.14 and its 200 day moving average is $124.71. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. The company has a market cap of $69.27 billion, a price-to-earnings ratio of 12.80 and a beta of 0.25. EOG Resources, Inc. has a 12-month low of $101.59 and a 12-month high of $151.87.

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

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, July 17th. EOG Resources’s dividend payout ratio is 40.16%.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 5,698 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $150.32, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

EOG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of EOG Resources from $145.00 to $148.00 in a report on Thursday, May 7th. Jefferies Financial Group increased their target price on EOG Resources from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Mizuho set a $157.00 target price on EOG Resources and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Morgan Stanley boosted their price target on EOG Resources from $155.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Finally, Williams Trading set a $177.00 price target on EOG Resources in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned 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 “Moderate Buy” and an average target price of $156.32.

EOG Resources Company Profile

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.