Cadence Bank Trims Stake in EOG Resources, Inc. (NYSE:EOG)

Cadence Bank lessened its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 39.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,471 shares of the energy exploration company's stock after selling 34,971 shares during the quarter. Cadence Bank's holdings in EOG Resources were worth $6,554,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Benchmark reissued a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Barclays reduced their price objective on EOG Resources from $146.00 to $144.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 18th. Mizuho reiterated a "neutral" rating and set a $140.00 price target (down previously from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. UBS Group dropped their price target on shares of EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Finally, Raymond James upped their price objective 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. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $143.71.

EOG Resources Stock Down 1.2 %

EOG stock traded down $1.35 on Monday, reaching $109.15. 3,001,013 shares of the company traded hands, compared to its average volume of 3,232,449. 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 has a market cap of $60.20 billion, a P/E ratio of 8.79, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The firm has a fifty day simple moving average of $122.29 and a 200-day simple moving average of $126.41.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion for 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%. Research analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.57%. EOG Resources's dividend payout ratio is currently 34.73%.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction 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 sale, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company's stock.

EOG Resources 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.