CANADA LIFE ASSURANCE Co Cuts Stake in EOG Resources, Inc. (NYSE:EOG)

CANADA LIFE ASSURANCE Co cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 406,121 shares of the energy exploration company's stock after selling 12,712 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.07% of EOG Resources worth $49,767,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of EOG. Charles Schwab Investment Management Inc. lifted its stake in EOG Resources by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after purchasing an additional 781,282 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of EOG Resources by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 12,549,802 shares of the energy exploration company's stock valued at $1,541,282,000 after purchasing an additional 234,067 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of EOG Resources by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock valued at $696,990,000 after purchasing an additional 365,115 shares during the period. Franklin Resources Inc. grew its stake in EOG Resources by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock worth $694,717,000 after buying an additional 2,076,134 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in EOG Resources by 5.0% in the fourth quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company's stock valued at $547,827,000 after buying an additional 214,497 shares during the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 sale, the chief operating officer now owns 47,732 shares in the company, valued at approximately $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

EOG Resources Price Performance

NYSE EOG traded up $1.73 during trading hours on Thursday, reaching $113.30. The company's stock had a trading volume of 707,818 shares, compared to its average volume of 3,682,776. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The company's 50-day moving average is $121.19 and its two-hundred day moving average is $126.04. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18. The stock has a market cap of $62.49 billion, a PE ratio of 9.12, a PEG ratio of 3.58 and a beta of 0.93.

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

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.44%. EOG Resources's dividend payout ratio is currently 34.73%.

Analysts Set New Price Targets

EOG has been the subject of several research reports. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their price target for the company from $150.00 to $130.00 in a research report on Friday, April 11th. JPMorgan Chase & Co. decreased their target price on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. UBS Group dropped their price target 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. Susquehanna decreased their price objective on EOG Resources from $161.00 to $156.00 and set a "positive" rating for the company in a research report on Tuesday. Finally, Bank of America restated a "neutral" rating and set a $144.00 price target (down previously from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Twelve 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 MarketBeat, EOG Resources presently has an average rating of "Hold" and a consensus price target of $143.00.

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.