Cox Capital Mgt LLC Has $3.70 Million Position in EOG Resources, Inc. (NYSE:EOG)

Cox Capital Mgt LLC boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG – Get Rating) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,552 shares of the energy exploration company’s stock after purchasing an additional 517 shares during the period. EOG Resources comprises 2.4% of Cox Capital Mgt LLC’s portfolio, making the stock its 8th biggest holding. Cox Capital Mgt LLC’s holdings in EOG Resources were worth $3,698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EOG. Charles Schwab Investment Management Inc. lifted its stake in EOG Resources by 196.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,859,925 shares of the energy exploration company’s stock worth $1,175,599,000 after purchasing an additional 6,529,464 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of EOG Resources by 38.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 15,425,915 shares of the energy exploration company’s stock valued at $1,703,638,000 after acquiring an additional 4,291,887 shares during the last quarter. FMR LLC raised its stake in shares of EOG Resources by 22.8% in the second quarter. FMR LLC now owns 18,286,986 shares of the energy exploration company’s stock valued at $2,019,614,000 after acquiring an additional 3,399,315 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of EOG Resources by 802.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,307,749 shares of the energy exploration company’s stock valued at $275,153,000 after acquiring an additional 2,051,889 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of EOG Resources by 25.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,944,716 shares of the energy exploration company’s stock valued at $877,414,000 after acquiring an additional 1,591,147 shares during the last quarter. Institutional investors own 87.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Mizuho cut their target price on shares of EOG Resources from $160.00 to $150.00 in a research note on Friday, March 10th. Citigroup lifted their target price on shares of EOG Resources from $150.00 to $160.00 in a research note on Tuesday, November 22nd. Morgan Stanley lowered their price target on shares of EOG Resources from $147.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, January 24th. StockNews.com assumed coverage on shares of EOG Resources in a report on Thursday. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. lowered their price target on shares of EOG Resources from $156.00 to $153.00 and set an “overweight” rating for the company in a report on Friday, January 27th. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $154.18.

Insider Transactions at EOG Resources

In other news, Director Michael T. Kerr purchased 20,000 shares of EOG Resources stock in a transaction dated Thursday, January 12th. The shares were bought at an average cost of $130.49 per share, with a total value of $2,609,800.00. Following the completion of the transaction, the director now directly owns 170,000 shares in the company, valued at approximately $22,183,300. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

EOG Resources Trading Down 1.7 %

Shares of NYSE EOG traded down $1.73 during midday trading on Friday, reaching $102.75. 11,147,954 shares of the stock were exchanged, compared to its average volume of 3,917,420. The business has a 50-day simple moving average of $123.48 and a two-hundred day simple moving average of $127.04. The company has a market capitalization of $60.39 billion, a price-to-earnings ratio of 7.78, a P/E/G ratio of 0.30 and a beta of 1.52. EOG Resources, Inc. has a 12 month low of $92.16 and a 12 month high of $150.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.90 and a quick ratio of 1.71.

EOG Resources (NYSE:EOG – Get Rating) last announced its quarterly earnings results on Friday, February 24th. The energy exploration company reported $3.30 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.01). The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.09 billion. EOG Resources had a return on equity of 34.95% and a net margin of 30.19%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.09 earnings per share. As a group, equities research analysts expect that EOG Resources, Inc. will post 12.58 EPS for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Friday, April 14th will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Thursday, April 13th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.21%. EOG Resources’s dividend payout ratio is 24.98%.

EOG Resources Company Profile

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EOG Resources, Inc engages in the exploration, development, production and marketing of crude oil and natural gas. It operates through the United States, Trinidad & Tobago, and Other International segments. The company was founded in 1985 and is headquartered in Houston, TX.