Stifel Financial Corp Sells 6,903 Shares of EOG Resources, Inc. (NYSE:EOG)

Stifel Financial Corp trimmed its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 444,181 shares of the energy exploration company's stock after selling 6,903 shares during the period. Stifel Financial Corp owned approximately 0.08% of EOG Resources worth $54,451,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Wealthfront Advisers LLC boosted its holdings in EOG Resources by 4,642.2% during the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock valued at $349,627,000 after purchasing an additional 2,792,092 shares in the last quarter. Capital World Investors lifted its position in shares of EOG Resources by 5.2% during the 4th quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock worth $5,628,497,000 after buying an additional 2,270,013 shares during the period. Franklin Resources Inc. boosted its stake in EOG Resources by 64.7% in the 3rd quarter. Franklin Resources Inc. now owns 5,284,228 shares of the energy exploration company's stock valued at $694,717,000 after buying an additional 2,076,134 shares in the last quarter. Raymond James Financial Inc. bought a new stake in EOG Resources in the fourth quarter valued at $171,193,000. Finally, Charles Schwab Investment Management Inc. raised its stake in EOG Resources by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after acquiring an additional 781,282 shares in the last quarter. 89.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EOG Resources

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

EOG Resources Price Performance

EOG opened at $111.28 on Wednesday. The company has a fifty day moving average price of $121.55 and a two-hundred day moving average price of $126.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. The firm has a market capitalization of $61.38 billion, a PE ratio of 8.96, a P/E/G ratio of 3.58 and a beta of 0.93. EOG Resources, Inc. has a 52 week low of $102.52 and a 52 week high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts' consensus estimates of $2.55 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. As a group, analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company 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 dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's dividend payout ratio is currently 34.73%.

Analysts Set New Price Targets

Several research firms have recently weighed in on EOG. Benchmark reaffirmed a "hold" rating on shares of EOG Resources in a report on Monday, January 13th. Bank of America reaffirmed a "neutral" rating and set a $144.00 price objective (down from $151.00) on shares of EOG Resources in a research note on Monday, January 13th. Mizuho reiterated a "neutral" rating and issued a $140.00 target price (down previously from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. JPMorgan Chase & Co. decreased their price target on EOG Resources from $149.00 to $132.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Finally, KeyCorp cut their price objective on EOG Resources from $150.00 to $140.00 and set an "overweight" rating for the company in a research report on Monday. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, EOG Resources has a consensus rating of "Moderate Buy" and an average price target of $143.52.

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.

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