PFG Advisors Decreases Stake in EOG Resources, Inc. (NYSE:EOG)

PFG Advisors lowered its position in EOG Resources, Inc. (NYSE:EOG) by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,190 shares of the energy exploration company’s stock after selling 330 shares during the quarter. PFG Advisors’ holdings in EOG Resources were worth $1,494,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sigma Planning Corp boosted its stake in EOG Resources by 4.3% in the 3rd quarter. Sigma Planning Corp now owns 6,242 shares of the energy exploration company’s stock worth $767,000 after purchasing an additional 259 shares during the period. Ashton Thomas Securities LLC bought a new position in EOG Resources in the 3rd quarter worth about $62,000. Versor Investments LP bought a new position in EOG Resources in the 3rd quarter worth about $381,000. GSA Capital Partners LLP bought a new position in EOG Resources in the 3rd quarter worth about $1,242,000. Finally, Baillie Gifford & Co. boosted its stake in EOG Resources by 4.3% in the 3rd quarter. Baillie Gifford & Co. now owns 46,099 shares of the energy exploration company’s stock worth $5,667,000 after purchasing an additional 1,891 shares during the period. Hedge funds and other institutional investors own 89.91% of the company’s stock.

EOG Resources Price Performance

EOG opened at $121.01 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources, Inc. has a 52-week low of $115.78 and a 52-week high of $139.67. The stock has a market capitalization of $67.03 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 3.58 and a beta of 1.25. The stock’s 50 day moving average price is $129.60 and its 200-day moving average price is $127.66.

EOG Resources (NYSE:EOG) last released its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.96 billion. On average, equities research analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current year.

EOG Resources Announces Dividend

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 issued a $0.975 dividend. This represents a $3.90 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources’s dividend payout ratio (DPR) is 34.73%.

Analyst Ratings Changes

EOG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on EOG Resources from $149.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday. Williams Trading set a $154.00 price target on EOG Resources in a research report on Wednesday, March 5th. Wolfe Research upgraded EOG Resources from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Morgan Stanley dropped their price target on EOG Resources from $143.00 to $142.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Finally, Barclays dropped their price target on EOG Resources from $148.00 to $146.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $145.86.

Insiders Place Their Bets

In other news, COO Jeffrey R. Leitzell sold 4,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares of the company’s stock, valued at $5,162,365.67. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.30% 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.