Sompo Asset Management Co. Ltd. Sells 2,590 Shares of EOG Resources, Inc. (NYSE:EOG)

Sompo Asset Management Co. Ltd. lowered its stake in EOG Resources, Inc. (NYSE:EOG - Free Report) by 25.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,450 shares of the energy exploration company's stock after selling 2,590 shares during the quarter. Sompo Asset Management Co. Ltd.'s holdings in EOG Resources were worth $913,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westside Investment Management Inc. grew its holdings in shares of 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. boosted its holdings in 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 purchasing an additional 100 shares during the last quarter. World Investment Advisors LLC acquired a new stake in EOG Resources in the 3rd quarter valued at $730,000. Wilmington Savings Fund Society FSB boosted its stake in shares of EOG Resources by 26.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 71,766 shares of the energy exploration company's stock worth $8,822,000 after buying an additional 15,186 shares during the last quarter. Finally, Tidal Investments LLC boosted its position 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 valued at $7,227,000 after purchasing an additional 2,634 shares during the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on EOG shares. KeyCorp reduced their price target on EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a report on Monday. Barclays dropped 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 research report on Tuesday, March 18th. Mizuho restated a "neutral" rating and set a $140.00 price objective (down previously from $148.00) on shares of EOG Resources in a report on Tuesday, March 25th. StockNews.com lowered EOG Resources from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, Williams Trading set a $154.00 price objective on shares of EOG Resources in a report on Wednesday, March 5th. Twelve research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, EOG Resources currently has an average rating of "Moderate Buy" and an average target price of $143.52.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,037 shares of the 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 directly owns 47,732 shares of the company's stock, valued at $6,098,240.32. This represents a 7.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company's stock.

EOG Resources Stock Performance

NYSE EOG opened at $111.28 on Wednesday. The company has a market capitalization of $61.38 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 3.58 and a beta of 0.93. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. EOG Resources, Inc. has a twelve month low of $102.52 and a twelve month high of $138.18. The stock has a fifty day simple moving average of $121.55 and a 200 day simple moving average of $126.14.

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

EOG Resources Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 3.50%. EOG Resources's dividend payout ratio (DPR) is currently 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.

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