Massachusetts Financial Services Co. MA Reduces Holdings in EOG Resources, Inc. (NYSE:EOG)

Massachusetts Financial Services Co. MA cut its stake in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,469,806 shares of the energy exploration company's stock after selling 222,463 shares during the period. Massachusetts Financial Services Co. MA owned 0.97% of EOG Resources worth $670,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Life Planners bought a new position in EOG Resources during the fourth quarter valued at $25,000. Y.D. More Investments Ltd raised its position in EOG Resources by 149.4% in the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after purchasing an additional 121 shares during the period. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources during the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. purchased a new stake in shares of EOG Resources during the fourth quarter valued at $27,000. Finally, Keystone Financial Group Inc. bought a new position in EOG Resources in the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 89.91% of the company's stock.

EOG Resources Stock Performance

NYSE EOG traded down $2.64 on Monday, hitting $107.91. 2,927,704 shares of the company's stock were exchanged, compared to its average volume of 3,121,432. The firm's 50-day moving average price is $127.14 and its two-hundred day moving average price is $127.86. EOG Resources, Inc. has a fifty-two week low of $105.79 and a fifty-two week high of $139.67. The firm has a market cap of $59.52 billion, a price-to-earnings ratio of 8.63, a P/E/G ratio of 3.58 and a beta of 0.93. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07.

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EOG Resources (NYSE:EOG - Get Free Report) last posted its earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.19. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. On average, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 dividend on an annualized basis and a yield of 3.61%. EOG Resources's dividend payout ratio (DPR) is 34.73%.

Insider Activity

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. This represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays reduced their target price on shares of EOG Resources from $146.00 to $144.00 and set an "equal weight" rating for the company in a report on Tuesday, March 18th. UBS Group lowered their price objective 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. Citigroup decreased their target price on EOG Resources from $134.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Bank of America restated a "neutral" rating and set a $144.00 target price (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Finally, Morgan Stanley decreased their price target on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Thirteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, EOG Resources presently has an average rating of "Hold" and a consensus price target of $144.67.

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.