Howe & Rusling Inc. Sells 12,044 Shares of EOG Resources, Inc. $EOG

Howe & Rusling Inc. decreased its holdings in EOG Resources, Inc. (NYSE:EOG) by 23.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,356 shares of the energy exploration company’s stock after selling 12,044 shares during the quarter. Howe & Rusling Inc.’s holdings in EOG Resources were worth $4,827,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ensign Peak Advisors Inc lifted its position in shares of EOG Resources by 0.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 940,967 shares of the energy exploration company’s stock worth $112,549,000 after purchasing an additional 6,110 shares during the period. Empirical Finance LLC lifted its holdings in EOG Resources by 0.6% in the second quarter. Empirical Finance LLC now owns 20,211 shares of the energy exploration company’s stock worth $2,417,000 after buying an additional 122 shares during the period. TD Waterhouse Canada Inc. boosted its position in EOG Resources by 33.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,409 shares of the energy exploration company’s stock valued at $413,000 after acquiring an additional 850 shares in the last quarter. Perennial Investment Advisors LLC boosted its position in EOG Resources by 30.0% during the 2nd quarter. Perennial Investment Advisors LLC now owns 2,128 shares of the energy exploration company’s stock valued at $255,000 after acquiring an additional 491 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC grew its holdings in shares of EOG Resources by 16.4% during the 2nd quarter. Bedell Frazier Investment Counselling LLC now owns 25,066 shares of the energy exploration company’s stock worth $2,998,000 after acquiring an additional 3,537 shares during the period. 89.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on EOG. Evercore ISI raised their target price on EOG Resources from $141.00 to $149.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. decreased their price objective on EOG Resources from $132.00 to $131.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. The Goldman Sachs Group lowered their price objective on EOG Resources from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EOG Resources in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their price target on shares of EOG Resources from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $140.12.

EOG Resources Trading Down 2.2%

Shares of NYSE EOG opened at $107.17 on Thursday. The firm’s 50 day moving average price is $110.44 and its 200-day moving average price is $115.40. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 1.79. The company has a market cap of $58.15 billion, a PE ratio of 10.41, a P/E/G ratio of 8.20 and a beta of 0.72.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a net margin of 25.25% and a return on equity of 20.51%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.89 EPS. On average, equities research analysts expect that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $4.08 annualized dividend and a dividend yield of 3.8%. EOG Resources’s dividend payout ratio (DPR) is 40.64%.

About EOG Resources

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.