Franklin Resources Inc. Has $622.86 Million Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Franklin Resources Inc. lowered its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,081,215 shares of the energy exploration company's stock after selling 203,013 shares during the quarter. Franklin Resources Inc. owned about 0.90% of EOG Resources worth $622,855,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Life Planners bought a new position in EOG Resources during the fourth quarter worth about $25,000. Y.D. More Investments Ltd boosted its stake in EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after acquiring an additional 121 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in EOG Resources during the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. bought a new stake in EOG Resources in the fourth quarter valued at approximately $27,000. Finally, Keystone Financial Group Inc. acquired a new stake in EOG Resources in the fourth quarter worth $27,000. 89.91% of the stock is currently owned by institutional investors.

Insider Activity at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the sale, the chief operating officer now owns 47,732 shares in the company, valued at $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by company insiders.

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EOG Resources Stock Down 7.9 %

NYSE EOG traded down $9.50 during trading hours on Friday, hitting $110.39. 8,834,102 shares of the company traded hands, compared to its average volume of 3,121,488. 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 business's 50-day moving average is $127.14 and its 200-day moving average is $127.83. The stock has a market capitalization of $60.88 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a twelve month low of $109.20 and a twelve month high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.55 by $0.19. The company had revenue of $5.59 billion during 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%. Sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.53%. EOG Resources's payout ratio is 34.73%.

Wall Street Analyst Weigh In

EOG has been the subject of a number of recent analyst reports. Benchmark restated a "hold" rating on shares of EOG Resources in a research report on Monday, January 13th. JPMorgan Chase & Co. lowered their price target on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Morgan Stanley cut their price objective on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Citigroup lowered 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. Finally, Williams Trading set a $154.00 target price on shares of EOG Resources in a report on Wednesday, March 5th. Thirteen investment 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 company. According to data from MarketBeat.com, EOG Resources currently has an average rating of "Hold" and a consensus target price of $144.67.

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.