Mariner LLC Boosts Holdings in EOG Resources, Inc. (NYSE:EOG)

Mariner LLC increased its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,571 shares of the energy exploration company's stock after buying an additional 7,763 shares during the period. Mariner LLC's holdings in EOG Resources were worth $13,676,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in EOG. Westside Investment Management Inc. boosted its holdings in EOG Resources by 15.7% in the third quarter. Westside Investment Management Inc. now owns 1,840 shares of the energy exploration company's stock valued at $226,000 after purchasing an additional 250 shares during the period. Chelsea Counsel Co. grew its position in shares of EOG Resources by 2.0% during the third quarter. Chelsea Counsel Co. now owns 5,215 shares of the energy exploration company's stock worth $641,000 after buying an additional 100 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of EOG Resources during the third quarter worth approximately $730,000. Wilmington Savings Fund Society FSB raised its holdings in EOG Resources by 26.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 71,766 shares of the energy exploration company's stock valued at $8,822,000 after acquiring an additional 15,186 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in EOG Resources by 4.7% in the third quarter. Tidal Investments LLC now owns 58,790 shares of the energy exploration company's stock worth $7,227,000 after acquiring an additional 2,634 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Trading Down 0.1 %

Shares of EOG stock traded down $0.12 on Wednesday, reaching $111.20. 769,032 shares of the stock were exchanged, compared to its average volume of 3,224,296. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock has a market cap of $61.33 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 3.58 and a beta of 0.93. The firm has a 50 day moving average of $121.55 and a two-hundred day moving average of $126.14. EOG Resources, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18.

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

EOG Resources Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.51%. EOG Resources's dividend payout ratio is currently 34.73%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the stock in a transaction 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 sale, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of EOG Resources from $146.00 to $144.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 18th. Wells Fargo & Company decreased their price target on EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Morgan Stanley dropped their price target on shares of EOG Resources from $142.00 to $136.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. StockNews.com downgraded shares of EOG Resources from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Benchmark reissued a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and a consensus price target of $143.52.

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.