Teza Capital Management LLC Reduces Holdings in EOG Resources, Inc. (NYSE:EOG)

Teza Capital Management LLC decreased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,923 shares of the energy exploration company’s stock after selling 451 shares during the quarter. Teza Capital Management LLC’s holdings in EOG Resources were worth $2,565,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Financial Life Planners purchased a new position in shares of EOG Resources during the fourth quarter worth about $25,000. Y.D. More Investments Ltd grew its holdings in shares of EOG Resources by 149.4% during the fourth quarter. Y.D. More Investments Ltd now owns 202 shares of the energy exploration company’s stock worth $25,000 after buying an additional 121 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in shares of EOG Resources during the fourth quarter worth about $25,000. Decker Retirement Planning Inc. purchased a new position in shares of EOG Resources during the fourth quarter worth about $27,000. Finally, Keystone Financial Group Inc. purchased a new position in shares of EOG Resources during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Down 0.4%

Shares of NYSE EOG opened at $115.43 on Friday. EOG Resources, Inc. has a 52-week low of $102.52 and a 52-week high of $138.18. The firm has a fifty day moving average of $115.84 and a 200-day moving average of $124.30. The stock has a market capitalization of $63.00 billion, a PE ratio of 9.29, a P/E/G ratio of 3.58 and a beta of 0.78. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG) last announced its quarterly earnings data on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.12. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same period in the previous year, the company earned $2.82 EPS. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, analysts anticipate that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 17th will be issued a dividend of $0.975 per share. The ex-dividend date is Thursday, July 17th. This represents a $3.90 annualized dividend and a dividend yield of 3.38%. EOG Resources’s payout ratio is 36.18%.

Analyst Upgrades and Downgrades

EOG has been the topic of a number of research reports. Scotiabank raised EOG Resources from a “sector perform” rating to a “sector outperform” rating and lowered their price target for the stock from $150.00 to $130.00 in a report on Friday, April 11th. Susquehanna reduced their price objective on shares of EOG Resources from $161.00 to $156.00 and set a “positive” rating for the company in a research report on Tuesday, April 22nd. Mizuho reduced their price objective on shares of EOG Resources from $140.00 to $134.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. KeyCorp reduced their price objective on shares of EOG Resources from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Finally, Morgan Stanley reduced their price objective on shares of 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. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.63.

Insider Activity at EOG Resources

In related news, COO Jeffrey R. Leitzell sold 4,037 shares of EOG Resources stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total transaction of $515,767.12. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

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.