EOG Resources, Inc. (NYSE:EOG) Position Trimmed by KBC Group NV

KBC Group NV lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 114,236 shares of the energy exploration company's stock after selling 4,896 shares during the quarter. KBC Group NV's holdings in EOG Resources were worth $14,003,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Insight Inv LLC raised its position in shares of EOG Resources by 0.8% in the 3rd 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. Cape ANN Savings Bank grew its holdings in shares of EOG Resources by 0.9% during the 3rd quarter. Cape ANN Savings Bank now owns 8,679 shares of the energy exploration company's stock worth $1,067,000 after purchasing an additional 79 shares during the period. Everpar Advisors LLC raised its holdings in EOG Resources by 3.6% in the third quarter. Everpar Advisors LLC now owns 2,380 shares of the energy exploration company's stock valued at $293,000 after buying an additional 83 shares during the period. Rosenberg Matthew Hamilton grew its stake in EOG Resources by 3.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,921 shares of the energy exploration company's stock worth $358,000 after buying an additional 84 shares during the period. Finally, Grove Bank & Trust raised its stake in shares of EOG Resources by 10.0% in the 4th quarter. Grove Bank & Trust now owns 928 shares of the energy exploration company's stock valued at $114,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total value of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Janet F. Clark sold 568 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $135.33, for a total value of $76,867.44. Following the sale, the director now directly owns 43,532 shares of the company's stock, valued at approximately $5,891,185.56. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

EOG Resources Stock Performance

Shares of NYSE:EOG traded down $0.77 during trading on Thursday, reaching $129.46. 753,056 shares of the company's stock traded hands, compared to its average volume of 3,028,538. The stock has a market capitalization of $72.82 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 3.68 and a beta of 1.29. EOG Resources, Inc. has a 12 month low of $108.94 and a 12 month high of $139.67. The company has a 50 day moving average of $128.70 and a 200-day moving average of $127.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The energy exploration company reported $2.89 earnings per share for the quarter, topping analysts' consensus estimates of $2.73 by $0.16. The business had revenue of $5.97 billion for the quarter, compared to analysts' expectations of $6.03 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. During the same period in the prior year, the firm earned $3.44 EPS. On average, equities analysts expect that EOG Resources, Inc. will post 11.45 EPS for the current year.

EOG Resources declared that its Board of Directors has approved a stock repurchase program on Thursday, November 7th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the energy exploration company to purchase up to 7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

EOG Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.975 dividend. The ex-dividend date is Friday, January 17th. This is a boost from EOG Resources's previous quarterly dividend of $0.91. This represents a $3.90 annualized dividend and a dividend yield of 3.01%. EOG Resources's dividend payout ratio (DPR) is 31.40%.

Analysts Set New Price Targets

Several brokerages recently issued reports on EOG. Scotiabank lowered their price target on EOG Resources from $150.00 to $140.00 and set a "sector perform" rating for the company in a report on Thursday, October 10th. Barclays lowered their target price on EOG Resources from $144.00 to $137.00 and set an "equal weight" rating for the company in a research note on Thursday, October 3rd. Royal Bank of Canada reissued a "sector perform" rating and set a $150.00 price target on shares of EOG Resources in a research report on Monday, January 6th. Benchmark reaffirmed a "hold" rating on shares of EOG Resources in a research report on Monday, January 13th. Finally, Wells Fargo & Company upgraded shares of EOG Resources from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $147.00 to $150.00 in a research note on Tuesday, December 17th. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $143.90.

About EOG Resources

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.