EOG Resources, Inc. (NYSE:EOG) Shares Sold by Capital International Investors

Capital International Investors reduced its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 24.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,250,020 shares of the energy exploration company's stock after selling 2,738,806 shares during the quarter. Capital International Investors owned approximately 1.47% of EOG Resources worth $1,011,133,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in shares of 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 valued at $2,230,014,000 after buying an additional 781,282 shares during the last quarter. Geode Capital Management LLC increased its position in EOG Resources by 1.9% during the fourth 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 acquiring an additional 234,067 shares during the last quarter. Alliancebernstein L.P. lifted its stake in EOG Resources by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 5,686,003 shares of the energy exploration company's stock worth $696,990,000 after purchasing an additional 365,115 shares during the last quarter. Franklin Resources Inc. increased its stake in EOG Resources by 64.7% in the third quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock worth $694,717,000 after purchasing an additional 2,076,134 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of EOG Resources by 5.0% during the fourth quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company's stock worth $547,827,000 after acquiring an additional 214,497 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

EOG Resources Trading Up 1.5 %

EOG stock traded up $1.69 during midday trading on Thursday, hitting $113.26. The stock had a trading volume of 707,818 shares, compared to its average volume of 3,682,776. The firm has a market cap of $62.47 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. The company's 50-day moving average price is $121.19 and its 200 day moving average price is $126.04. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results 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 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%. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on EOG shares. Royal Bank of Canada upgraded EOG Resources from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Benchmark reiterated a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. StockNews.com lowered shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Wolfe Research upgraded 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. Finally, UBS Group lowered their price target on EOG Resources from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Twelve research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $143.00.

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

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.