Capital International Sarl Boosts Stake in EOG Resources, Inc. (NYSE:EOG)

Capital International Sarl lifted its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 38.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,668 shares of the energy exploration company's stock after buying an additional 4,071 shares during the period. Capital International Sarl's holdings in EOG Resources were worth $1,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of EOG. Canada Pension Plan Investment Board raised its holdings in EOG Resources by 1.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 150,487 shares of the energy exploration company's stock worth $18,447,000 after purchasing an additional 2,185 shares during the period. Demars Financial Group LLC raised its stake in shares of EOG Resources by 12,422.5% in the fourth quarter. Demars Financial Group LLC now owns 643,156 shares of the energy exploration company's stock worth $78,838,000 after buying an additional 638,020 shares during the period. Cravens & Co Advisors LLC lifted its position in shares of EOG Resources by 2.4% during the 4th quarter. Cravens & Co Advisors LLC now owns 8,352 shares of the energy exploration company's stock valued at $1,024,000 after buying an additional 199 shares in the last quarter. Marshall Wace LLP grew its stake in shares of EOG Resources by 266.5% during the 4th quarter. Marshall Wace LLP now owns 29,319 shares of the energy exploration company's stock valued at $3,594,000 after acquiring an additional 21,319 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in EOG Resources by 13.7% in the 4th quarter. NewEdge Advisors LLC now owns 19,204 shares of the energy exploration company's stock worth $2,354,000 after acquiring an additional 2,307 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

Insider Transactions at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company's stock.

EOG Resources Stock Up 1.5 %

NYSE EOG traded up $1.69 during trading on Thursday, reaching $113.26. 707,818 shares of the company's stock traded hands, compared to its average volume of 3,682,776. The company's 50 day simple moving average is $121.19 and its two-hundred day simple moving average is $126.04. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18. The firm has a market cap of $62.47 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. 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 for the quarter, topping analysts' consensus estimates 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 return on equity of 23.77% and a net margin of 29.18%. As a group, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EOG shares. Citigroup dropped their price objective on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Barclays reduced their price objective on shares of EOG Resources from $144.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and decreased their price target for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Wells Fargo & Company dropped their price target on EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. decreased their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Twelve investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.