Banco Bilbao Vizcaya Argentaria S.A. Reduces Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Banco Bilbao Vizcaya Argentaria S.A. cut its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,463 shares of the energy exploration company's stock after selling 7,117 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in EOG Resources were worth $7,984,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EOG. Financial Life Planners bought a new stake in EOG Resources during the fourth quarter worth about $25,000. Y.D. More Investments Ltd boosted its position 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 worth $25,000 after purchasing an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources in the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. purchased a new stake in shares of EOG Resources in the 4th quarter worth approximately $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources during the 4th quarter valued at approximately $27,000. 89.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

EOG has been the topic of a number of research analyst reports. Barclays lowered their price target on EOG Resources from $144.00 to $140.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. JPMorgan Chase & Co. lowered their price objective on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Royal Bank of Canada upgraded shares of EOG Resources from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Finally, Raymond James reiterated a "strong-buy" rating and set a $140.00 target price on shares of EOG Resources in a research note on Monday, April 21st. Twelve equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, EOG Resources presently has an average rating of "Hold" and a consensus target price of $141.25.

EOG Resources Stock Up 0.9 %

Shares of EOG Resources stock traded up $1.02 during trading hours on Monday, hitting $114.09. The company had a trading volume of 1,908,401 shares, compared to its average volume of 3,233,156. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The company's 50-day moving average is $120.51 and its two-hundred day moving average is $125.69. The company has a market cap of $62.93 billion, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.55 by $0.19. The firm had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is currently 34.73%.

About EOG Resources

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.