Blair William & Co. IL Sells 7,208 Shares of EOG Resources, Inc. (NYSE:EOG)

Blair William & Co. IL lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,435 shares of the energy exploration company's stock after selling 7,208 shares during the quarter. Blair William & Co. IL's holdings in EOG Resources were worth $12,679,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. boosted its stake in shares of EOG Resources by 5.8% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,743 shares of the energy exploration company's stock worth $214,000 after acquiring an additional 95 shares in the last quarter. Private Trust Co. NA boosted its position in EOG Resources by 9.4% during the third quarter. Private Trust Co. NA now owns 1,683 shares of the energy exploration company's stock worth $207,000 after purchasing an additional 144 shares during the period. Quantbot Technologies LP acquired a new position in EOG Resources during the third quarter valued at approximately $1,443,000. Townsquare Capital LLC raised its position in shares of EOG Resources by 15.5% in the third quarter. Townsquare Capital LLC now owns 18,811 shares of the energy exploration company's stock valued at $2,312,000 after purchasing an additional 2,521 shares during the period. Finally, Freedom Investment Management Inc. lifted its stake in shares of EOG Resources by 2.9% in the third quarter. Freedom Investment Management Inc. now owns 6,404 shares of the energy exploration company's stock worth $787,000 after buying an additional 179 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

EOG has been the subject of several research reports. Raymond James increased their price objective on EOG Resources from $167.00 to $175.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 23rd. Citigroup reduced their price target on shares of EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Royal Bank of Canada upgraded shares of EOG Resources from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. StockNews.com lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, UBS Group decreased their target price on EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Thirteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $144.67.

EOG Resources Price Performance

Shares of EOG Resources stock traded up $1.04 during mid-day trading on Tuesday, reaching $129.28. 1,181,222 shares of the stock were exchanged, compared to its average volume of 3,317,618. The company has a market cap of $71.61 billion, a price-to-earnings ratio of 10.41, 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. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a 50-day simple moving average of $128.06 and a 200 day simple moving average of $127.85.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, sell-side analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio is currently 34.73%.

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.