Brown Brothers Harriman & Co. Decreases Stake in EOG Resources, Inc. (NYSE:EOG)

Brown Brothers Harriman & Co. reduced its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,304 shares of the energy exploration company's stock after selling 5,698 shares during the quarter. Brown Brothers Harriman & Co.'s holdings in EOG Resources were worth $6,902,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in EOG. Financial Life Planners purchased a new position in EOG Resources during the 4th quarter worth $25,000. Y.D. More Investments Ltd boosted its holdings in EOG Resources by 149.4% in the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after acquiring an additional 121 shares in the last quarter. Mainstream Capital Management LLC purchased a new stake in shares of EOG Resources during the fourth quarter worth about $25,000. Decker Retirement Planning Inc. acquired a new position in shares of EOG Resources during the fourth quarter valued at about $27,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources in the 4th quarter valued at approximately $27,000. 89.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EOG. Barclays cut their price target on shares of EOG Resources from $146.00 to $144.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 18th. Wolfe Research raised EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. Benchmark restated a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. Raymond James boosted their price target on 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, Royal Bank of Canada upgraded EOG Resources from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $150.00 to $155.00 in a research note on Wednesday, February 12th. Thirteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $144.67.

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EOG Resources Price Performance

EOG traded up $1.02 during trading on Tuesday, hitting $129.26. The company's stock had a trading volume of 1,926,383 shares, compared to its average volume of 3,098,667. The firm has a market capitalization of $71.60 billion, a price-to-earnings ratio of 10.41, a P/E/G ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a twelve month low of $115.78 and a twelve month high of $139.67. The business's fifty day simple moving average is $128.06 and its 200 day simple moving average is $127.85. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, equities research analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 of this dividend is Wednesday, April 16th. EOG Resources's dividend payout ratio is presently 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.