EOG Resources, Inc. (NYSE:EOG) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC cut its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 49.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,316 shares of the energy exploration company's stock after selling 18,865 shares during the period. Guggenheim Capital LLC's holdings in EOG Resources were worth $2,368,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC grew its holdings in shares of EOG Resources by 4,642.2% during the 4th quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock worth $349,627,000 after purchasing an additional 2,792,092 shares during the period. Franklin Resources Inc. lifted its position 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 valued at $694,717,000 after buying an additional 2,076,134 shares during the last quarter. Raymond James Financial Inc. purchased a new position in EOG Resources during the fourth quarter worth about $171,193,000. Charles Schwab Investment Management Inc. increased 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 acquiring an additional 781,282 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of EOG Resources by 486.6% in the 4th quarter. Renaissance Technologies LLC now owns 726,200 shares of the energy exploration company's stock worth $89,018,000 after acquiring an additional 602,400 shares during the last quarter. 89.91% of the stock is currently owned by hedge funds and other institutional investors.

EOG Resources Stock Performance

Shares of EOG stock traded up $0.25 during mid-day trading on Wednesday, hitting $111.57. 3,037,932 shares of the stock were exchanged, compared to its average volume of 3,233,151. 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 quick ratio of 2.07 and a current ratio of 2.31. The stock has a market capitalization of $61.54 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 3.58 and a beta of 0.93. The stock's fifty day simple moving average is $121.55 and its two-hundred day simple moving average is $126.14.

EOG Resources (NYSE:EOG - Get Free Report) last announced 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 business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.50%. EOG Resources's payout ratio is currently 34.73%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Raymond James reissued a "strong-buy" rating on shares of EOG Resources in a research report on Monday. Wolfe Research upgraded EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 target price for the company in a report on Friday, January 3rd. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and cut their price target for the stock from $150.00 to $130.00 in a research note on Friday, April 11th. Royal Bank of Canada raised shares of EOG Resources from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $150.00 to $155.00 in a research note on Wednesday, February 12th. Finally, Bank of America reaffirmed a "neutral" rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Twelve research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $143.33.

Insider Transactions at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm'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 completion of the transaction, the chief operating officer now directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company's stock.

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.