F M Investments LLC Sells 74,017 Shares of EOG Resources, Inc. (NYSE:EOG)

F M Investments LLC cut its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 75.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,641 shares of the energy exploration company's stock after selling 74,017 shares during the period. F M Investments LLC's holdings in EOG Resources were worth $2,898,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd acquired a new position in EOG Resources during the third quarter worth $516,000. Coldstream Capital Management Inc. raised its holdings in shares of EOG Resources by 15.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 6,661 shares of the energy exploration company's stock worth $826,000 after buying an additional 876 shares in the last quarter. Sunbelt Securities Inc. increased its position in EOG Resources by 35.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,463 shares of the energy exploration company's stock worth $303,000 after purchasing an additional 647 shares in the last quarter. TD Private Client Wealth LLC grew its position in EOG Resources by 3.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 5,705 shares of the energy exploration company's stock worth $701,000 after acquiring an additional 178 shares during the last quarter. Finally, Soltis Investment Advisors LLC raised its holdings in EOG Resources by 88.4% in the 3rd quarter. Soltis Investment Advisors LLC now owns 3,051 shares of the energy exploration company's stock valued at $375,000 after buying an additional 1,432 shares during the last quarter. 89.91% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's 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 completion of the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

EOG Resources Trading Up 2.5 %

EOG traded up $2.66 during trading on Wednesday, reaching $109.17. 1,311,299 shares of the company's stock were exchanged, compared to its average volume of 3,202,201. The firm has a fifty day moving average price of $123.50 and a two-hundred day moving average price of $126.78. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The stock has a market capitalization of $60.21 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. 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 issued its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. As a group, equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share 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 issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's payout ratio is 34.73%.

Analysts Set New Price Targets

EOG has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on EOG Resources from $150.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Wolfe Research raised EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective for the company in a research note on Friday, January 3rd. Raymond James boosted their target price on EOG Resources from $167.00 to $175.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Bank of America restated a "neutral" rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Twelve investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $144.19.

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.