EOG Resources, Inc. (NYSE:EOG) Shares Sold by Horizon Investment Services LLC

Horizon Investment Services LLC reduced its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 49.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,573 shares of the energy exploration company's stock after selling 8,432 shares during the period. Horizon Investment Services LLC's holdings in EOG Resources were worth $1,051,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EOG. Insight Inv LLC lifted its stake in shares of EOG Resources by 0.8% during the third quarter. Insight Inv LLC now owns 9,385 shares of the energy exploration company's stock worth $1,154,000 after buying an additional 75 shares during the period. Essex Financial Services Inc. grew its position in shares of EOG Resources by 1.3% during the 4th quarter. Essex Financial Services Inc. now owns 6,145 shares of the energy exploration company's stock valued at $753,000 after acquiring an additional 79 shares during the period. Valmark Advisers Inc. increased its position in shares of EOG Resources by 2.6% in the fourth quarter. Valmark Advisers Inc. now owns 3,140 shares of the energy exploration company's stock valued at $385,000 after buying an additional 79 shares in the last quarter. Deseret Mutual Benefit Administrators increased its holdings in EOG Resources by 8.8% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 989 shares of the energy exploration company's stock worth $121,000 after acquiring an additional 80 shares in the last quarter. Finally, 1ST Source Bank increased its stake in shares of EOG Resources by 1.5% during the fourth quarter. 1ST Source Bank now owns 5,349 shares of the energy exploration company's stock worth $656,000 after purchasing an additional 80 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Royal Bank of Canada upgraded EOG Resources from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $150.00 to $155.00 in a research report on Wednesday, February 12th. Mizuho reissued a "neutral" rating and set a $140.00 target price (down previously from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reduced their price target on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Benchmark reissued a "hold" rating on shares of EOG Resources in a research note on Monday, January 13th. Finally, UBS Group dropped their price target on shares of EOG Resources from $165.00 to $160.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Thirteen investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $144.67.

EOG Resources Stock Performance

EOG traded up $0.98 during trading on Wednesday, hitting $130.28. 583,221 shares of the stock were exchanged, compared to its average volume of 3,090,146. The firm has a market capitalization of $71.86 billion, a P/E ratio of 10.49, a PEG ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 1-year low of $115.78 and a 1-year high of $139.67. The stock has a fifty day moving average price of $127.93 and a two-hundred day moving average price of $127.92. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly 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 firm had revenue of $5.59 billion for 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 predict that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid 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 dividend yield of 2.99%. EOG Resources's dividend payout ratio (DPR) is 34.73%.

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.