EOG Resources, Inc. (NYSE:EOG) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lessened its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,402 shares of the energy exploration company's stock after selling 6,644 shares during the period. King Luther Capital Management Corp owned 0.07% of EOG Resources worth $48,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of EOG Resources by 4.5% in the 4th 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 purchasing an additional 781,282 shares during the period. Geode Capital Management LLC lifted its stake in EOG Resources by 1.5% in the third quarter. Geode Capital Management LLC now owns 12,315,735 shares of the energy exploration company's stock valued at $1,513,446,000 after buying an additional 180,755 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of 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 acquiring an additional 2,076,134 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of EOG Resources by 5.0% in the fourth quarter. Pacer Advisors Inc. now owns 4,469,142 shares of the energy exploration company's stock valued at $547,827,000 after acquiring an additional 214,497 shares during the period. Finally, Amundi grew its position in EOG Resources by 1.3% during the 4th quarter. Amundi now owns 1,986,074 shares of the energy exploration company's stock worth $255,131,000 after purchasing an additional 26,370 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

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Analysts Set New Price Targets

EOG has been the subject of several analyst reports. StockNews.com downgraded EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Royal Bank of Canada raised EOG Resources from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $150.00 to $155.00 in a report on Wednesday, February 12th. Wolfe Research raised shares of EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. Mizuho reduced their target price on shares of EOG Resources from $156.00 to $148.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Finally, Barclays dropped their price target on shares of EOG Resources from $148.00 to $146.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of "Hold" and a consensus target price of $146.19.

EOG Resources Price Performance

EOG stock traded up $1.14 on Wednesday, reaching $125.63. The company had a trading volume of 1,794,084 shares, compared to its average volume of 3,001,953. The company's fifty day moving average is $129.64 and its 200 day moving average is $127.73. The company has a market cap of $69.59 billion, a P/E ratio of 10.11, a PEG ratio of 3.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 1 year low of $115.78 and a 1 year high of $139.67.

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, beating the consensus estimate of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The business had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. On average, research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The firm 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 dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio is presently 34.73%.

Insider Activity

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the business's stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now owns 42,703 shares in the company, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.30% 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.