Price T Rowe Associates Inc. MD Sells 113,185 Shares of EOG Resources, Inc. (NYSE:EOG)

Price T Rowe Associates Inc. MD decreased its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,950,287 shares of the energy exploration company's stock after selling 113,185 shares during the period. Price T Rowe Associates Inc. MD owned approximately 1.59% of EOG Resources worth $1,097,128,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Westside Investment Management Inc. grew its position in EOG Resources by 15.7% during the third quarter. Westside Investment Management Inc. now owns 1,840 shares of the energy exploration company's stock worth $226,000 after buying an additional 250 shares in the last quarter. Chelsea Counsel Co. increased 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 valued at $641,000 after purchasing an additional 100 shares during the period. World Investment Advisors LLC acquired a new position in shares of EOG Resources in the third quarter valued at $730,000. Wilmington Savings Fund Society FSB lifted its position 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 worth $8,822,000 after purchasing an additional 15,186 shares during the period. Finally, Tidal Investments LLC boosted its stake in EOG Resources by 4.7% during the third quarter. Tidal Investments LLC now owns 58,790 shares of the energy exploration company's stock worth $7,227,000 after buying an additional 2,634 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

EOG Resources Trading Up 0.9 %

EOG stock traded up $1.02 during midday trading on Monday, reaching $114.09. The stock had a trading volume of 1,887,731 shares, compared to its average volume of 3,233,156. The firm has a market cap of $62.93 billion, a price-to-earnings ratio of 9.19, a PEG ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. 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 business has a fifty day simple moving average of $120.51 and a two-hundred day simple moving average of $125.69.

EOG Resources (NYSE:EOG - Get Free Report) last posted 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 net margin of 29.18% and a return on equity of 23.77%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. As a group, research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors 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 3.42%. EOG Resources's dividend payout ratio is presently 34.73%.

Analysts Set New Price Targets

A number of research firms have recently commented on EOG. Wolfe Research raised shares of EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Royal Bank of Canada raised EOG Resources from a "sector perform" rating to an "outperform" rating and lifted their price objective for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Williams Trading set a $154.00 target price on EOG Resources in a research report on Wednesday, March 5th. Barclays lowered their price target on EOG Resources from $144.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Bank of America reissued a "neutral" rating and set a $144.00 price objective (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Twelve equities research 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's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $141.25.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, the chief operating officer now directly owns 47,732 shares in the company, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% 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.