Financial Counselors Inc. Decreases Holdings in EOG Resources, Inc. (NYSE:EOG)

Financial Counselors Inc. decreased its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 70.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,902 shares of the energy exploration company's stock after selling 7,011 shares during the period. Financial Counselors Inc.'s holdings in EOG Resources were worth $356,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Financial Life Planners acquired a new position in EOG Resources during the fourth quarter worth about $25,000. Y.D. More Investments Ltd increased its position in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock valued at $25,000 after acquiring an additional 121 shares during the period. Mainstream Capital Management LLC acquired a new position in shares of EOG Resources during the fourth quarter worth $25,000. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources in the fourth quarter worth $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources during the 4th quarter worth $27,000. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Price Performance

EOG Resources stock traded up $0.41 during midday trading on Tuesday, reaching $128.65. 996,614 shares of the stock were exchanged, compared to its average volume of 3,314,804. EOG Resources, Inc. has a 52 week low of $115.78 and a 52 week high of $139.67. 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 firm has a market cap of $71.26 billion, a PE ratio of 10.35, a PEG ratio of 3.58 and a beta of 1.25. The company's fifty day moving average is $128.06 and its 200-day moving average is $127.85.

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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 (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 return on equity of 23.77% and a net margin of 29.18%. On average, sell-side analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.03%. EOG Resources's dividend payout ratio is presently 34.73%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EOG. Benchmark restated a "hold" rating on shares of EOG Resources in a research report on Monday, January 13th. Barclays decreased their price objective on shares of EOG Resources from $146.00 to $144.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 18th. StockNews.com cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Raymond James lifted their price objective 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. Finally, Citigroup decreased their target price 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. Thirteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $144.67.

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.