CSM Advisors LLC Has $8.37 Million Holdings in EOG Resources, Inc. (NYSE:EOG)

CSM Advisors LLC trimmed its holdings in EOG Resources, Inc. (NYSE:EOG) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,239 shares of the energy exploration company’s stock after selling 1,174 shares during the period. CSM Advisors LLC’s holdings in EOG Resources were worth $8,365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in EOG. World Investment Advisors LLC bought a new position in shares of EOG Resources in the 3rd quarter valued at about $730,000. Mountain Lake Investment Management LLC bought a new position in EOG Resources in the 4th quarter valued at about $735,000. Oak Ridge Investments LLC lifted its stake in EOG Resources by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 41,274 shares of the energy exploration company’s stock worth $5,059,000 after purchasing an additional 2,311 shares during the last quarter. Tobam bought a new stake in shares of EOG Resources during the 4th quarter valued at approximately $352,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of EOG Resources by 161.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,487 shares of the energy exploration company’s stock valued at $550,000 after acquiring an additional 2,773 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Insider Buying and Selling

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $6,098,240.32. This trade represents a 7.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by corporate insiders.

EOG Resources Trading Up 2.0 %

EOG Resources stock opened at $111.28 on Wednesday. The stock has a market cap of $61.38 billion, a P/E ratio of 8.96, a PEG ratio of 3.58 and a beta of 0.93. 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’s fifty day moving average price is $121.55 and its 200-day moving average price is $126.14. EOG Resources, Inc. has a fifty-two week low of $102.52 and a fifty-two week high of $138.18.

EOG Resources (NYSE:EOG) last released its 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 business had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.96 billion. Equities research analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.975 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.50%. EOG Resources’s dividend payout ratio is currently 34.73%.

Analyst Upgrades and Downgrades

EOG has been the subject of a number of recent research reports. Bank of America restated a “neutral” rating and issued a $144.00 price objective (down from $151.00) on shares of EOG Resources in a report on Monday, January 13th. Susquehanna reduced their target price on EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a research note on Tuesday. Citigroup reduced their price objective on shares of EOG Resources from $134.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, March 17th. Morgan Stanley lowered their price target on EOG Resources from $142.00 to $136.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Finally, Mizuho restated 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. Twelve research 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 stock. Based on data from MarketBeat, EOG Resources presently has a consensus rating of “Moderate Buy” and a consensus 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.