Blair William & Co. IL Sells 7,208 Shares of EOG Resources, Inc. (NYSE:EOG)

Blair William & Co. IL lessened its position in EOG Resources, Inc. (NYSE:EOG) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,435 shares of the energy exploration company’s stock after selling 7,208 shares during the quarter. Blair William & Co. IL’s holdings in EOG Resources were worth $12,679,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EOG. Financial Life Planners bought a new stake in EOG Resources in the fourth quarter worth about $25,000. Y.D. More Investments Ltd lifted its stake in shares of EOG Resources by 149.4% during the 4th quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after acquiring an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in EOG Resources during the 4th quarter valued at $25,000. Decker Retirement Planning Inc. bought a new position in EOG Resources in the 4th quarter valued at $27,000. Finally, Keystone Financial Group Inc. purchased a new stake in EOG Resources in the fourth quarter worth $27,000. 89.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at EOG Resources

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the sale, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

EOG Resources Stock Performance

Shares of EOG opened at $126.55 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a market cap of $70.10 billion, a PE ratio of 10.19, a P/E/G ratio of 3.58 and a beta of 1.25. EOG Resources, Inc. has a 12 month low of $115.78 and a 12 month high of $139.67. The stock has a fifty day moving average price of $128.23 and a 200-day moving average price of $127.65.

EOG Resources (NYSE:EOG) last released its quarterly earnings results 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. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.96 billion. Equities research analysts predict that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio is presently 34.73%.

Wall Street Analyst Weigh In

EOG has been the subject of a number of recent analyst reports. Raymond James boosted their target price on shares of EOG Resources from $167.00 to $175.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Williams Trading set a $154.00 target price on shares of EOG Resources in a research note on Wednesday, March 5th. Wells Fargo & Company reduced their target price on shares of EOG Resources from $150.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Royal Bank of Canada upgraded EOG Resources from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Finally, Benchmark restated a “hold” rating on shares of EOG Resources in a report on Monday, January 13th. Thirteen 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. Based on data from MarketBeat.com, EOG Resources presently has an average rating of “Hold” and an average price target of $144.67.

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.