Lindenwold Advisors INC Has $1.31 Million Position in EOG Resources, Inc. (NYSE:EOG)

Lindenwold Advisors INC trimmed its position in EOG Resources, Inc. (NYSE:EOG) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,693 shares of the energy exploration company’s stock after selling 233 shares during the period. Lindenwold Advisors INC’s holdings in EOG Resources were worth $1,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in EOG. Generali Investments Management Co LLC bought a new position in EOG Resources during the fourth quarter worth about $848,000. Vinva Investment Management Ltd boosted its stake in shares of EOG Resources by 61.4% in the fourth quarter. Vinva Investment Management Ltd now owns 82,949 shares of the energy exploration company’s stock valued at $10,002,000 after buying an additional 31,569 shares during the period. Intech Investment Management LLC boosted its stake in shares of EOG Resources by 42.0% in the fourth quarter. Intech Investment Management LLC now owns 55,738 shares of the energy exploration company’s stock valued at $6,832,000 after buying an additional 16,498 shares during the period. Horizon Investments LLC grew its position in EOG Resources by 2.1% during the fourth quarter. Horizon Investments LLC now owns 16,064 shares of the energy exploration company’s stock worth $1,955,000 after buying an additional 325 shares in the last quarter. Finally, RD Lewis Holdings Inc. bought a new position in EOG Resources during the 4th quarter worth $2,339,000. Institutional investors own 89.91% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EOG. JPMorgan Chase & Co. reduced their target price on EOG Resources from $149.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Citigroup reduced their price objective on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday. Mizuho cut their price target on shares of EOG Resources from $156.00 to $148.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Raymond James lifted their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, UBS Group reduced their target price on EOG Resources from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $145.33.

EOG Resources Trading Down 0.8 %

Shares of NYSE EOG opened at $122.57 on Wednesday. The stock has a market cap of $67.89 billion, a P/E ratio of 9.87, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The firm has a 50 day moving average price of $129.39 and a two-hundred day moving average price of $127.51. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 52-week low of $115.78 and a 52-week high of $139.67.

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, topping the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. As a group, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s payout ratio is presently 34.73%.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total value of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at approximately $5,162,365.67. This represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

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.