Sigma Planning Corp Trims Stock Position in EOG Resources, Inc. (NYSE:EOG)

Sigma Planning Corp lessened its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 38.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,385 shares of the energy exploration company’s stock after selling 2,133 shares during the period. Sigma Planning Corp’s holdings in EOG Resources were worth $409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC increased its holdings in EOG Resources by 15.4% in the fourth quarter. CWM LLC now owns 15,694 shares of the energy exploration company’s stock valued at $1,898,000 after buying an additional 2,090 shares in the last quarter. Criterion Capital Advisors LLC purchased a new position in EOG Resources in the fourth quarter valued at $1,333,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in EOG Resources in the fourth quarter valued at $511,000. Signaturefd LLC increased its holdings in EOG Resources by 12.1% in the fourth quarter. Signaturefd LLC now owns 9,031 shares of the energy exploration company’s stock valued at $1,092,000 after buying an additional 976 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in EOG Resources by 2.5% in the fourth quarter. Verdence Capital Advisors LLC now owns 13,316 shares of the energy exploration company’s stock valued at $1,611,000 after buying an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EOG. Morgan Stanley lifted their price objective on shares of EOG Resources from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. TD Securities dropped their target price on shares of EOG Resources from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, February 23rd. Citigroup lifted their target price on shares of EOG Resources from $120.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Mizuho lifted their target price on shares of EOG Resources from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of EOG Resources from $134.00 to $141.00 and gave the company a “neutral” rating in a research report on Thursday, March 28th. Twelve equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.19.

EOG Resources Price Performance

EOG Resources stock opened at $135.71 on Friday. The company’s 50 day simple moving average is $125.70 and its 200-day simple moving average is $122.51. The company has a market capitalization of $78.06 billion, a price-to-earnings ratio of 10.43 and a beta of 1.40. EOG Resources, Inc. has a 1 year low of $106.32 and a 1 year high of $139.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.13 and a current ratio of 2.44.

EOG Resources (NYSE:EOG) last announced its earnings results on Friday, February 23rd. The energy exploration company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.07). EOG Resources had a return on equity of 25.38% and a net margin of 31.40%. The business had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the previous year, the company earned $3.30 earnings per share. EOG Resources’s quarterly revenue was down 5.4% on a year-over-year basis. As a group, equities research analysts expect that EOG Resources, Inc. will post 12.29 earnings per share for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 16th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.68%. The ex-dividend date is Monday, April 15th. EOG Resources’s payout ratio is currently 27.98%.

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.