EOG Resources, Inc. (NYSE:EOG) Shares Sold by Natixis

Natixis trimmed its position in EOG Resources, Inc. (NYSE:EOG - Free Report) by 94.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,344 shares of the energy exploration company's stock after selling 546,787 shares during the period. Natixis' holdings in EOG Resources were worth $4,210,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EOG. Westside Investment Management Inc. raised its position 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 worth $226,000 after acquiring an additional 250 shares during the period. Chelsea Counsel Co. raised its holdings in EOG Resources by 2.0% in the 3rd quarter. Chelsea Counsel Co. now owns 5,215 shares of the energy exploration company's stock worth $641,000 after purchasing an additional 100 shares during the period. World Investment Advisors LLC purchased a new position in EOG Resources during the third quarter valued at $730,000. Wilmington Savings Fund Society FSB grew its holdings in EOG Resources by 26.8% during 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 purchasing an additional 15,186 shares during the period. Finally, Tidal Investments LLC increased its holdings in EOG Resources by 4.7% in the 3rd 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 in the last quarter. 89.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the completion of the sale, the chief operating officer now owns 47,732 shares of the company's stock, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

EOG has been the subject of several recent analyst reports. Bank of America reaffirmed a "neutral" rating and issued a $144.00 target price (down previously from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Wolfe Research upgraded shares of EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 target price for the company in a research report on Friday, January 3rd. Mizuho reiterated a "neutral" rating and issued a $140.00 price target (down from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. Barclays decreased their target price on EOG Resources from $144.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Scotiabank upgraded EOG Resources from a "sector perform" rating to a "sector outperform" rating and lowered their target price for the company from $150.00 to $130.00 in a research report on Friday, April 11th. Twelve investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EOG Resources has an average rating of "Hold" and a consensus price target of $141.25.

EOG Resources Price Performance

NYSE EOG traded down $0.39 during trading hours on Friday, reaching $113.07. The company's stock had a trading volume of 2,093,424 shares, compared to its average volume of 3,232,889. 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, Inc. has a 1-year low of $102.52 and a 1-year high of $138.18. The company's 50-day moving average is $120.51 and its two-hundred day moving average is $125.77. The firm has a market capitalization of $62.36 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 3.58 and a beta of 0.93.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results 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. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. On average, equities analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.975 per share. 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 3.45%. EOG Resources's payout ratio is presently 34.73%.

EOG Resources 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.