Mutual of America Capital Management LLC Has $8.97 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

Mutual of America Capital Management LLC lowered its position in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,159 shares of the energy exploration company's stock after selling 2,636 shares during the quarter. Mutual of America Capital Management LLC's holdings in EOG Resources were worth $8,968,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EOG. Financial Life Planners acquired a new position in shares of EOG Resources in the 4th quarter valued at $25,000. Y.D. More Investments Ltd lifted its holdings in EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company's stock worth $25,000 after acquiring an additional 121 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in EOG Resources in the fourth quarter valued at about $27,000. Keystone Financial Group Inc. bought a new stake in shares of EOG Resources in the fourth quarter worth about $27,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of EOG Resources during the third quarter worth about $31,000. Institutional investors own 89.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EOG shares. Bank of America reiterated a "neutral" rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research report on Monday, January 13th. Royal Bank of Canada upgraded shares of EOG Resources from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Wolfe Research upgraded 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 report on Friday, January 3rd. StockNews.com cut shares of EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Citigroup increased their target price on EOG Resources from $127.00 to $134.00 and gave the stock a "neutral" rating in a report on Tuesday, November 26th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $145.80.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were 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 of the company's stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.30% of the company's stock.

EOG Resources Stock Performance

NYSE EOG traded down $5.57 on Monday, hitting $121.38. 3,633,554 shares of the stock were exchanged, compared to its average volume of 2,918,729. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.31 and a quick ratio of 2.07. The business's fifty day moving average is $129.30 and its 200 day moving average is $127.90. The company has a market capitalization of $68.27 billion, a PE ratio of 9.77, a P/E/G ratio of 3.58 and a beta of 1.27. EOG Resources, Inc. has a 52 week low of $115.40 and a 52 week high of $139.67.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share 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 firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.96 billion. Research analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current fiscal 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 issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.21%. The ex-dividend date is Wednesday, April 16th. EOG Resources's dividend payout ratio is 31.40%.

EOG Resources announced that its board has authorized a stock buyback program on Thursday, November 7th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the energy exploration company to purchase up to 7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

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.