Kovitz Investment Group Partners LLC Lowers Stock Holdings in EOG Resources, Inc. (NYSE:EOG)

Kovitz Investment Group Partners LLC lessened its holdings in EOG Resources, Inc. (NYSE:EOG) by 56.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 86,405 shares of the energy exploration company’s stock after selling 113,221 shares during the period. Kovitz Investment Group Partners LLC’s holdings in EOG Resources were worth $10,591,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Life Planners purchased a new stake in shares of EOG Resources during the fourth quarter worth about $25,000. Y.D. More Investments Ltd grew its holdings in 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 valued at $25,000 after buying an additional 121 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. bought a new stake in shares of EOG Resources during the fourth quarter valued at approximately $27,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources in the fourth quarter worth $27,000. 89.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the business’s stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Royal Bank of Canada upgraded shares of EOG Resources from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $150.00 to $155.00 in a report on Wednesday, February 12th. Susquehanna decreased their target price on EOG Resources from $161.00 to $156.00 and set a “positive” rating on the stock in a research report on Tuesday, April 22nd. KeyCorp cut 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, April 21st. UBS Group lowered their target price on EOG Resources from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Finally, Barclays reduced their price target on shares of EOG Resources from $144.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Twelve investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $141.25.

EOG Resources Trading Down 0.3 %

EOG opened at $113.07 on Friday. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. 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 stock has a market cap of $62.36 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 3.58 and a beta of 0.93. The stock’s 50 day moving average price is $120.51 and its 200-day moving average price is $125.74.

EOG Resources (NYSE:EOG) last released its 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. The business had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a return on equity of 23.77% and a net margin of 29.18%. On average, equities analysts forecast that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a yield of 3.45%. EOG Resources’s dividend payout ratio (DPR) is 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.